A Taxing Migration
As heavier tax burdens across country put the squeeze on hard-working Americans, many of them are voting with their feet and taking their wallets, according to Travis L. Brown, author of How Money Walks. Brown tells John Stossel of Liberty Pen, “We’re looking at the movement of Americans and their income, measured by the Internal Revenue Service data files since 1992 to 2010. ” Brown says majority of the migration is to no income tax states, such as Texas, Nevada and Florida, while heavier-taxed states like California and New York are in a financial tailspin.
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