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. “They’re more mobile and have the greatest incentive to leave because they’re paying 13.3 percent marginal income tax.”
High taxes are motivating wealthier residents to leave, with those making more than $200,000 per year increasingly choosing to relocate to states with no income tax like Texas, Florida, and Nevada, according to Doti….