HIGHER STATE-LEVEL TAX RATES PREDICT POPULATION LOSSES

[infogram id=”4d4b3764-ea98-4c72-98ba-ac6d3fe95541″ prefix=”xZn” format=”interactive” title=”TAX RATES VS POPULATION V6 03022023″]

Key Points:

  • In 2022, higher top tax rates on personal income predicted population losses.
  • The map shows the top tax rate and the rate of population change for states with at least 5,000 population change.
  • Arrows to the left indicate a population loss while arrows to the right indicate a population gain.
  • In 2022, eight of the ten lowest tax states experienced population gains.
  • By contrast, in 2022, six of the ten highest tax states experienced population losses.
Source RichStatesPoorStates