The latest tax migration data from the Internal Revenue Service (IRS) shows that the exodus of taxpayers from high-tax states continued from 2020 to 2021, with California, New York, and Illinois again suffering some of the nation’s biggest losses of people and money.
California’s tax base shrank by nearly $29.1 billion as the Golden State saw a net loss of 332,000 taxpayers and their dependents during a time of widespread lockdowns, stay-at-home orders, and business closures, according to the IRS migration data released Thursday.
In second place was New York, which was hit by a net loss of $24.5 billion and 262,000 people. Illinois was third, with a net loss of $10.9 billion and 105,000 people. Other high-tax states such as Massachusetts ($2.6 billion) and New Jersey ($2.3 billion) also saw tens of thousands of people moving out during the period….