Wealth Migration


Source: IRS Division of Statistics
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Facts and Statistics:
  • As a result of the 2010 census, the nine no-income tax states have gained 8 congressional seats, while the nine highest tax states have lost 5 seats.

  • In 2009 alone, New York state lost $3.2 billion dollars in Adjusted Gross Income due to taxpayers leaving the state. - IRS Division of Statistics

  • Over the last 10 years, the nine no-income tax states have created 2.6 million more jobs than the nine highest tax states. - Bureau of Labor Statistics

  • Over the last 10 years, Florida has gained $63 billion dollars in Adjusted Gross Income due to taxpayers moving into the state. - IRS Division of Statistics

  • The Congressional Budget Office projects the federal government will run a deficit every year until 2084 under current policies. - Congressional Budget Office

  • The Congressional Budget Office projects the federal government debt to GDP ratio will hit 700% by 2080 under current policies. - Congressional Budget Office

  • Ten years ago the United States ranked 1st in wealth per adult, by 2010 it had fallen to 7th. - Credit Suisse

  • The US Postal service lost over $5 billion dollars in Fiscal Year 2011. - USPS

  • 48.5% percent of US households receives some form of government welfare (food stamps, Medicaid or cash welfare). - US Census 2010

  • US federal debt has increased by 50% or $5 trillion dollars since Barack Obama took office. - Congressional Budget Office

  • US federal debt has increased by over $4 billion dollars per day since Barack Obama took office. - Congressional Budget Office

  • American 15-year olds' math and science literacy doesn't even rank in the top half of nations - National Center for Education Statistics

2012 - YourTaxCode.com