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Cato Podcast

Population Flows out of High-Tax States

Cato Podcast

Cato Institute

Immigration, News, News Commentary, Peace, 424708, Markets, Government, Libertarian, Policy, Politics, Cato, Defense

4.5979 Ratings

🗓️ 19 January 2020

⏱️ 8 minutes

🧾️ Download transcript

Summary

New data highlights the flow of residents from high-tax states to low-tax states. Chris Edwards provides details.

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Transcript

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0:00.0

This is the Cato Daily Podcast for Sunday, January 19th, 2020.

0:10.1

I'm Kila Brown.

0:11.4

The migration of Americans from high tax to low tax states

0:15.0

continues apace and state governments interested in growth and

0:19.2

opportunity for residents should be paying attention.

0:22.6

Cato's Chris Edwards takes a look at some of the new data.

0:25.6

Some data that was recently released gives us a picture of where people are moving to

0:31.8

and moving from among the several states.

0:36.1

What are the biggest out-migration states right now?

0:41.2

Well, there's about 600,000 Americans who move from high tax to low tax states every year on net.

0:49.1

The biggest outflow is from New York and the biggest inflow is to Florida. New York's a high-tax state and

0:56.8

Florida is a very low-tax state. Some of the other outflow states are Illinois, California, Connecticut, some of the other

1:07.6

inflow states or other low-tax states like Nevada and even some there's a number of colder states that are low tax are also in

1:19.0

migration states like South Dakota and New Hampshire. So taxes are clearly playing a role here.

1:25.8

So what else could explain that?

1:28.7

Well obviously people move to Florida because it's beautiful and sunny and a lot of retirees move there.

1:36.4

But again if you look at the detailed patterns that, for example, South Dakota is an in-migration state,

1:43.5

yet all the states around South Dakota are out-migration states.

1:47.5

The same is true of New Hampshire.

1:50.0

If you look at the 25 highest tax states, 24 of them had out migration.

1:56.0

If you look at the 25 lowest tax states, 17 of them had in migration.

2:03.2

There's a few outliers like Alaska's low tax and it is out migration but that's probably

...

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