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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 an avid reader and journalism connoisseur based in Washington, D.C. covering the White House, politics, and breaking news for The Epoch Times. Contact him at [email protected]
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Related Topics
Chapman University
california exodus
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