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Cumulative Impacts From California Exodus Cost State Nearly $500 Billion, Will Get Worse: Economist

Travis Gillmore
Travis Gillmore
&
Siyamak Khorrami
Siyamak Khorrami
6/17/2023|Updated: 12/30/2023
0:00

Recent Internal Revenue Service data showing a net loss of more than 425,000 people between 2021 and 2022 indicates California is losing residents to states with lower or no income tax, according to a Chapman University professor.

“We are losing more of the high-income earners than the low-income earners, and it’s an increasing proportion of the total loss,” Jim Doti, president emeritus and professor of economics at Chapman University, told Epoch TV’s “California Insider.”
Travis Gillmore is a White House reporter for The Epoch Times. He previously covered the California legislature and Gov. Gavin Newsom. Contact him at [email protected]
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Related Topics
Chapman University
california exodus
Jim Doti
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