Economist: Millions Are About To Relocate To Low-Tax States Like Florida

Over the coming years, Florida and other low-tax states will gain millions of new residents fleeing states with high tax rates, economists Arthur B. Laffer and Stephen Moore wrote in the WSJ.

For years, Florida has been adding residents fleeing high-tax states, but this trend will rapidly accelerate over the next three years, they wrote.

More than 800,000 have relocated to Florida from places like New York and California since 2007 alone. During that time, Texas and Florida gained a net $50 billion in income and purchasing power from other states, while New York and California lost $23 billion.

With the new tax law signed into law limiting local and state deduction, Florida is set to gain at a much faster rate. Over the next three years alone, they estimate that California and New York will lose a net 800,000 residents (double the period from 2014-16), while Connecticut, New Jersey and Minnesota will lose 500,000.

 

 

 

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Anonymous
2 years ago

Good thing we have the transportation and infrastructure to support all of these people! We won’t have any traffic problems at all

Anonymous
2 years ago

Something needs to be done ASAP! Traffic is ridiculous

Anonymous
2 years ago

Something is being done. MDX is about to build the Everglades Parkway. And toll lanes are going up on nearly all local highways. Once those projects are finished, we’ll be much better off.

Anonymous
2 years ago

Induced demand does not reduce traffic.

Bottom line, cars are not space efficient and we are space limited.

Anonymous
2 years ago

that is quite literally the point of tolling these roads and having express lanes that have variable toll rates. induced demand comes from access to free lanes. if you price the lanes, you correct for that. and, you pay for the infrastructure.

Anonymous
2 years ago

You mean Kendall Parkway? I think the county commissioners postponed to vote on it in June.

Anonymous
2 years ago

We need more parking garages for all those relocating to Miami.

Anonymous
2 years ago

Both California and New York will lower their tax rate. It’s not difficult to figure out. Do you seriously think that California is going to sit back and do nothing while Silicon Valley just evaporates? The new tax law is simply a political ploy to manipulate red and blue states to the benefit of the GOP. Notice that only the red states are projected to gain in population while blue states are projected to lose in population. Manipulation through political legislation. Political corruption at it’s finest.

Anonymous
2 years ago

Its not political corruption, its fiscal responsibility. Why should states that do not have State income tax subsides states that do. Other states should not subsides states with income taxes via federal deductions.

Anonymous
2 years ago

Amén.

MalibuJoe
2 years ago

Bravo! Thanks for posting that. I never thought of it that way, but that is spot on.

Anonymous
2 years ago

“subsides?”

Anonymous
2 years ago

Typical repug response. That’s like saying why should my taxes go for education, if I don’t have a child in school. Federal legislation includes all states.

BDub
2 years ago

In general, the subsidy goes the other way. Blue states pay a lot more in taxes than they receive in federal spending, and red states generally receive more than they pay.

MalibuJoe
2 years ago

No, California is not going to sit back and do nothing. They will raise their taxes even more. In fact there are already proposals to increase the state corporate tax including one plan for an additional 10% because after the federal tax cut “they can afford it now” as said by one of the sponsors of the proposed bill – and all the big powerful unions and public employees past and present will support such an increase as they need more and more tax dollars to support their pensions

Anonymous
2 years ago

Nope, I don’t think they will. After losing the astonishing number of major corporations that are located in California, they will be forced to lower taxes. It would have to raise taxes to a prohibited level to even begin to replace the taxes provided by those corporations. Political suicide.

Anonymous
2 years ago

Republican double talk.

Anonymous
2 years ago

California has been sitting back and doing nothing for decades. I live here, it’s embarrassing. I’m in entertainment and my particular sector pretty much requires me to live here, but my company, like many others, does have a Miami office, and hope to see it grow to include my sector.

Anonymous
2 years ago

If politicians in California and new York lower taxes substantially, how will they sustain the welfare states they have created ?

Anonymous
2 years ago

Suburban America will never die!!!!

Anonymous
2 years ago

Really

Anonymous
2 years ago

A group of Ft. Lauderdale’s Activists just killed the Wave Streetcar Project… South Florida Suburban mentality is our worse enemy.

Anonymous
2 years ago

I heard they were doing this…. redic…. do you have a link?

Anonymous
2 years ago

Not surprised. That’s why they will always be just a bedroom community of Miami.

Anonymous
2 years ago

Don’t complain go to the city councils and pressure politicians to do their job. Don’t blame development !!!! That’s why they charge taxes and fees all over the place !!!!!

Anonymous
2 years ago

While I agree with you – Miami doesn’t – we also have to remember that LA, NYC, etc. generally don’t either, so it’s not like they are giving something up.

Anonymous
2 years ago

If you live in miami, make sure to vote for Eileen Higgins. She has a good plan to help with traffic!

Anonymous
2 years ago

Not ib south Florida!

Anonymous
2 years ago

We are turning into L.A. the traffic in 5 years will be so unbearable that people will be begging to be taxed so that the county can build Heavy rail. More highways will do nothing to relive traffic congestion. We need heavy rail to all major neighborhoods with trolley circulators in all those neighborhoods in order to alleviate the last mile dilemma.

Anonymous
2 years ago

“begging to be taxed” People voted for the half penny taxed and got nothing so no we wouldnt be begging to be taxed.

Anonymous
2 years ago

They are already talking about implementing a gas tax to fund the SMART plan and already passed a TIF for it as well. They are also diverting 20% of MDX revenue to fund the East/West corridor. So your idea that we aren’t going to be taxed for this expansion is a daydream.

Anonymous
2 years ago

people also need to live nearby where they work and not expect taxpayers to pay for the government to fund mass transit from way out in kendall or the middle of nowhere to downtown to accommodate their suburban lifestyles…

Anonymous
2 years ago

Amén. The true Market Urbanist’s perspective and the only way we can densify out of this mess. Why spend billions on transit to far-flung areas the county was very unwise to develop in the first place. Two wrongs don’t make a right.

Anonymous
2 years ago

Yes, but they did. So deal with it.

Anonymous
2 years ago

The cities in the U.S. are not built for mass transit. Wake up and smell the coffee. Even if we spent 60 billion in rail throughout our county, there isn’t enough density to make it viable. The only solution is stop the suburban madness, tax gasoline, no more free parking anywhere and dedicated lanes for buses.

Anonymous
2 years ago

Whether we like it or not, suburbia will continue to exist nationwide, because urban America has become too congested, and they will pay huge sums to move out of congested cities. Those people are not dependent on public transit, since they view it as something for the lower classes. The independence of having personal transportation is a luxury. City planning has little to do with it, since the lure of privacy and freedom from congestion are driving forces that many aspire to.

Anonymous
2 years ago

Many upper income people in NYC ride the train. In fact, 70% of people in Manhattan don’t have cars and either use the train or taxis.

Anonymous
2 years ago

The perfect climate, no state tax, business friendly, it’s no wonder why, but the powers that be need to get in front of this growth wave and implement real improvements to alleviate traffic or else we’ll all be living in our cars!!

Anonymous
2 years ago

Better than living in a bus or a trolley.

Anonymous
2 years ago

Florida will become a high-tax state as more and more people move here and expect more and more government services.

Anonymous
2 years ago

You mean like a tunnel under the Miami river?

Anonymous
2 years ago

Yes

Anonymous
2 years ago

And some people are always bashing the Melo Group. This shows that the Melo Group has always been ahead of the curve.

Anonymous
2 years ago

A lot of people who comment on this site make me laugh. They act as if this article does not reference Florida, no, just only “Miami.”

¯\_(ツ)_/¯
2 years ago

Miami is the crown jewel of Florida. Let’s not pretend otherwise.

Anonymous
2 years ago

I don’t pretend anything and I certainly don’t pretend this article is talking about just “Miami” when it says in big letters “low-tax states like Florida.”

Anonymous
2 years ago

Correct! Check out Smithsonian channel # 1118 all this week, around 8pm. Two weeks ago the skyline and city of Chicago was featured. Last week Seattle was featured. This week starting last night Miami was featured. Very interestin, Miami is beginning to get noticed as a major city, and one of the fastest growing.

Anonymous
2 years ago

Sorry about the typo (interesting)

Im just here for the comments
2 years ago

I found it. Next episode will be Sunday 5/6. at 7pm. Set your DVR’s ladies and Gents.

Anonymous
2 years ago

What else is there?

Anonymous
2 years ago

Soon Florida will be a blue state as all the limousine liberals from the northeast will move down here to flee the tax and spend policies up north which they so vehemently supported…

Anonymous
2 years ago

Yep the liberals forget why they left.

Anonymous
2 years ago

Blue states pay a higher tax rate or in other words more taxes than red states but red states receive more in government handouts than blue states.

For those who wanna argue about this point, look it up!

Anonymous
2 years ago

“look it up” you look it up again because you’re lying.

Anonymous
2 years ago

I agree. Red states receive greater handouts than blue states.

Anonymous
2 years ago

Oh no,not another repug posting.

Anonymous
2 years ago

Limousine???? are we back in the 90’s???

Anonymous
2 years ago

Yeah, blue state liberals like to show up at their clubs in a limousine while red state Con-servatives like to show up at their country an western bars in a bigass dually.

Anonymous
2 years ago

haha, you sound like one of those sore cubans.

Anonymous
2 years ago

I wish these people who are leaving remember why they left and font vote people in to implement the same policies that caused them to leave.

Roy
2 years ago

oh god ! liberals are coming !

Anonymous
2 years ago

Yeah, the christian right are about to get pissed!

Anonymous
2 years ago

Not gonna happen. The loss of a tax deduction is not enough to make powerful, connected people leave their communities.

Anonymous
2 years ago

I did…

Anonymous
2 years ago

yay – finally i might be able to leave miami and move to san francisco and be able to afford a small place!

Anonymous
2 years ago

You can move into a closet in San Francisco for $3500 a month. Go for it.

Anonymous
2 years ago

LoL

Anonymous
2 years ago

well, one reading of the point of the article is that its about to get expensive here in miami, and cheaper in the currently trendy areas like the west coast… hopefully it just doesn’t get expensive here like in san francisco and stays expensive out west

Anonymous
2 years ago

You think it’s going to get more expensive now??????…AMAZON.!!!!!

Anonymous
2 years ago

Just wait till amazon

Anonymous
2 years ago

Wait till Amazon for what? Please dont be naive and think that decision on what city will be chosen has already been made.. Unless you sir are Bezos who’s commenting on here I wouldnt be so sure about that.. Dont hold your breath kid, you might suffocate..

Anonymous
2 years ago

The reason Florida is a low-tax state, is we don’t have to support an enormous public transportation system like those NYC, Boston, Philly, D.C.

Anonymous
2 years ago

Nope, that’s not it. Florida tax the hell out of hotels and tourism, which actually means, tourist!

Anonymous
2 years ago

Or unionized transit workers always going on strike, shutting down buses, trolleys.

Anonymous
2 years ago

They also get alot of other free stuff.

Anonymous
2 years ago

I’m all for outsourcing our transit system. Below is an article proving once again that the private sector will ALWAYS wipe the floor with public sector services.

http://www.miamitodaynews.com/2018/04/24/bus-outsourcing-so-successful-that-county-should-try-more/

Anonymous
2 years ago

It’s tourist funded