2022: Massachusetts lost $3.9B in tax revenues due to taxpayers migrating, ranking 5th in US income loss.
2022 saw a $3.9B loss in Massachusetts tax revenues due to taxpayers fleeing, ranking it 5th in US income loss from domestic migration. High taxes and excessive regulations, according to MassGOP, are causing this trend of migration to lower-tax states like Florida, Texas, and others. Boston Indicators reported a net outflow of residents, with domestic departures surpassing international arrivals.
July 06, 2024
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