![]() Though barely 100 years old, individual income taxes are the largest source of tax revenue in the U.S. The Federal Income Tax was established in 1913 with the ratification of the 16th Amendment. imposes a progressive income tax where rates increase with income. Though only one component of overall tax burdens, the individual income tax An individual income tax (or personal income tax) is levied on the wages, salaries, investments, or other forms of income an individual or household earns. with tax burdens per capita at or above the national average, 14 of those jurisdictions experienced net outbound migration. Of the 32 states whose overall state and local tax burdens per capita were below the national average in 2022, 24 experienced net inbound migration in FY 2023. , high-cost-of-living states in favor of lower-tax, lower-cost alternatives. This population shift paints a clear picture: Americans are leaving high- tax A tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. At the other end of the spectrum, South Carolina saw the greatest population growth from net domestic inbound migration (1.6 percent), followed by Delaware (1.0 percent) and North Carolina, Tennessee, and Florida (all 0.9 percent). Not far behind was California, which lost 0.9 percent of its residents, followed by Hawaii (0.8 percent), Alaska (also 0.8 percent), and Illinois (0.7 percent). Census Bureau’s most recent interstate migration estimates show that New York lost the greatest share of its population (1.1 percent) to other states between July 2022 and July 2023. ![]() While international migration contributed to population growth at the national level, interstate migration was the key driver of net population changes at the state level. population grew 0.49 percent between July 2022 and July 2023, an increase from the previous year’s 0.37 percent. Census Bureau interstate migration data and commercial datasets released last week by U-Haul and United Van Lines. Americans were on the move in 2023, and many chose low-tax states over high-tax ones.
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