Florida Is The Top Ranked State For Wealth Migration

More wealth is moving into Florida than any other state by far, according to the WSJ.

The report used data on where taxpayers recently moved, newly released by the IRS.

In the most recent year (covering 2020 income), taxpayers with a net total of $23.7 billion in adjusted gross income migrated to Florida.

Texas ranks a distant second, with $6.3 billion in AGI gained for the year.

New York and California were the biggest losers, losing $19.5 billion and $17.8 billion in AGI for the year.

 

73 Comments
most voted
newest oldest
Inline Feedbacks
View all comments
Miami Winning
24 days ago

Florida Winning!

t&d
22 days ago

Now we need to diligently & creatively work to ensure that processes such as gentrification do not sow the seeds of our own destruction — as they have so perniciously done in so many other places (think San Francisco 2.0 and such other metros).

t&d
22 days ago

Could governance that fosters sovereignty, prosperity & Constitutionality produce such success and growth? I think so.

Anonymous
21 days ago

“Now we need to diligently & creatively work to ensure that processes such as gentrification do not sow the seeds of our own destruction”

That will require the government to get involved, and you know, the GOP don’t like what they call “big government.” Or they think of that old quote by Ronald Reagan – The eight most scariest words in the dictionary are “I’m from the government and I’m here to help.”

Anonymous
24 days ago

Blue states in shambles.

It’s me
24 days ago

In what sense? California had the biggest budget surplus of any state this year.

MiMiami
24 days ago

California is hemorrhaging AGI as the article states. Just look at them since early 2020… they’re losing residents and jobs by the day to Texas and Florida (notably). Do I get to chirp about their gas prices and state taxes, as well?

California is in shambles. The exodus of residents tells you everything you need to know.

Conno Sir
24 days ago

Yeah and they have the highest state taxes, and most expensive gasoline. Problem is all that surplus goes for social programs that don’t serve the working class.

Anonymous
20 days ago

Have you ever been to California?

They call me...
24 days ago

Is that how success in State govt is measured?

Even if I gave you the benefit if the doubt that CA confiscates more of their citizen’s money than they pay out to their citizen’s in services, it should not surprise anyone who understands basic math that the largest, most populous, and State with the highest taxes would confiscate more than any other State.

t&d
22 days ago

Why should population size equate to tax burdens & bites? No sir; governance success should be gauged by the [comprehensive & multidimensional] security and wellbeing of those governed. The sovereignty & development of such inhabitants, as well as the integrity and efficiency of their Institutions (think Switzerland/Lietchtenstein & Singapore here) are a better way to go about these.

JohnyQ
23 days ago

Because of the Fed pumping the biggest bubble in history leading to record property tax collections, many middleclass businesses are gone forever after the harsh lockdowns

t&d
22 days ago

At what costs to the most truly needy/vulnerable segments of their population?

Mm305
21 days ago

‘It’s me’ they had a surplus because the fed government gave that to them – 100b surplus mostly created by the fed reserve printing money. Nice try though.

Anonymous
20 days ago

There are many ignorant people giving a wrong opinion. Good for stating the facts

Anonymous
24 days ago

I guess that means when they were moving to blues state in droves, red states like Florida was in shambles?

Anonymous
24 days ago

Why deny the truth?

Anonymous
24 days ago

I mean, from what that Anonymous said and what the commenter wrote to reply to it “I guess that means when they were moving to blues state in droves, red states like Florida was in shambles?,” then tell us, is that the truth? Because what we are witnessing is the ebbs and flows, highs and lows states go through in this country. And it has been going through them for a few centuries now and it will keep going them.

Anonymous
24 days ago

At least when the states in decline previously experienced lows, their leaders tried and focused on the issues, albeit through lousy means. Now it’s all about ignoring problems and deflecting by pointing fingers at how evil Texas and Florida are over single-issue politics the majority of the country rejects.

Anonymous
24 days ago

California used to be a red state during its golden years.

Jaz
23 days ago

Touché

Anonymous
24 days ago

south florida has always been BLUE, they aren’t talking about tallahassee or polk county or one of those sticks/hicks town

Anonymous
24 days ago

Actually, Tally is very blue.

Anonymous
24 days ago

Many posters on here don’t consider anything outside of South Florida and the I-4 Corridor as “Florida,” let alone realize the state capital of the government they loathe is a dump controlled by their loony toon sweethearts at the local level. Remember Gillum?

Anonymous
24 days ago

Yet the best jobs outside of tourism are going to swing major metro areas like Tampa and Jacksonville.

Truth Hurts
24 days ago

Still Florida. I don’t see why y’all even segment them. Imo Jacksonville, Tampa, Orlando and Miami could all be great and work together to specialize in something making the state as a whole great. Miami for glits, fashion, money, that flashy lifestyle. Tampa for young professionals, start ups, more reserved rich. Jacksonville for financial, medical, maybe reclaim Hollywood? Orlando can be tourist capital, add more than simply theme parks. More to attracting tourists. Idk, if I had my way, we’d have 4 great metropolitan areas to choose from all within a bright line train ride away. Florida winning!

Pete
23 days ago

Nothing north of Orlando!
Deplorables and septic tanks!
Self proclaimed ministers of God churches on every corner!

t&d
22 days ago

Such myopic, narrow-minded ignorance; such bitter hatred. I bet you’re SOOO healthy, happy & success-filled. Has it ever occured to the likes of you that the very drive to be more ethical, moral & God- like nurtures the foundations of societal progress & wellbeing — and not just in [truly] Christian circles/nations?

Anonymous
24 days ago

Not really, Hudson Yards skyline is bigger than Miami’s entire skyline, and it’s the biggest private development in the world right now.

anonymous
24 days ago

hudson yards skyline is bigger than the miami skyline ? miami skyline has 65 skyscrapers .does hudson yard have over 65 skyscrapers ?

Truth Matters
24 days ago

It’s obvious those lib, prog policies don’t work. Why would anyone want to live in state where leaders don’t make sense and they concentrate on issues that don’t matter to its citizens?

Anonymous
24 days ago

That’s the kind of gibberish that get Cons in this county shouting “hooray,” but in reality it’s just somebody spewing more watered down talking points that contains nary a fact.

Anonymous
24 days ago

Right, just like talking points libs like the screech about while ignoring the economy, crime, and national security.

They call me...
24 days ago

What?
Can you please formulate a cohesive thought first, then try to write it down?

Anonymous
24 days ago

^
Actually I’m not surprised when someone from Lousiana don’t understand what I wrote.

Anonymous
24 days ago

The progressive policies don’t work for wealthy people, which is kind of the entire point.

MiMiami
24 days ago

Thank you DeSantis & Saurez!!

Anonymous
24 days ago

Um, besides a few laws and governmental approvals passed, I think Florida and Miami has basically the same government it did when DeSantis & Saurez were in the second grade in elementary school.

Anonymous
24 days ago

When DeSantis was in second grade, the Governor would have been Bob Graham, whose disaster policies along with Lawton Chiles, are basically the reason Florida turned red at the turn of the century.

Anonymous
24 days ago

Thank you Suarez, f—k you DeSantis!

Anonymous
24 days ago

Don’t be mad that DeSantis is doing a better job than New York or California’s governor.

Anonymous
23 days ago

Fuck DeSantis and his faux populism

Anonymous
24 days ago

As long as they move their companies and HQs here!

Jack Ruan
24 days ago

Wait until they find out about hurricanes.

National Hurricane Center
24 days ago

You think they are unaware? Hurricane Sandy hit New York City harder than many hurricanes that have passed over FL in the past few years. The North East is not immune from ATLANTIC hurricanes.

Jack Ruan
24 days ago

Try living in Florida for a week with no power. That’s what makes hurricanes special.

Anonymous
24 days ago

^
Try living in New York during a snow storm for a week with no power. Contrary to what some think, people in NYC do have to worry about a weather calamity happening every year.

Anon
19 days ago

I’d rather live in NYC during the cold, than Miami during summer with no AC. Atleast if its cold you can just put a blanket or make a fire pit or something. During July/August/ September in Miami… goodluck

Anonymous
17 days ago

No. that brings less culture and more gentrification to an already rapidly-gentrifying miami.

Avenger1956
24 days ago

Land of the rich. Home of the poor.

Anonymous
17 days ago

i have family that are struggling to support themselves in hialeah and are literally being priced out and then these wealthy white american people with their money are pushing out the locals.

Anthony Alexander
24 days ago

Good news for the wealthy not so good for the rest of us

Wed
24 days ago

I really don’t want to subscribe to the WJS. Does anyone have the full list of where the wealth has migrated to?

Anonymous
24 days ago

Thank goodness, we can finally price out all of these cheap low income earning locals

Anonymous
23 days ago

All teachers

Anonymous
24 days ago

The migration from NY & CT is escaping taxes and weather. Those who leave CA are escaping taxes, but CA has better weather and more natural beauty.

Anonymous
23 days ago

Hello? Mud and rock slides? Fires and hot dry winds? Cold and foggy San Fran?

Anonymous
21 days ago

Hello? Sink holes appearing out of nowhere? Hurricane season every year? Hot and humid cities three quarters of the year throughout the state?

Anonymous
21 days ago

Yeah it gets cold in cali in the winter. Too many months with 40’s and 50’s lows for my tastes.

Jerry
22 days ago

Maybe in the summer for some (I like it hot) but I will take so fla winter over anywhere in the continental US. No place else you rarely ever have to get out of shorts and t-shirt, even at night.

Melo’s pájaro nalgon
24 days ago

This cannot be good for Miami

Anonymous
24 days ago

But it was good for Miami when you got there?

Anonymous
17 days ago

miami was so much better in 2014 when latin american investment was the thing. now its just corrupt wall street and rich white people escaping their perfect northern cities to rapidly gentrify miami.

Anonymous
24 days ago

Now we just have to redistribute it!

Anonymous
24 days ago

^^Funny

Burn
22 days ago

Ok

No name
22 days ago

Keep it up come on down .

Anonymous
17 days ago

says the white new yorker who has never stepped foot out of brickell