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.

 

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Miami Winning
5 months ago

Florida Winning!

Anonymous
5 months ago

The first two are consequences, and Tallahassee is attempting to mitigate the property insurance crisis. Can you imagine if it was the other side dealing with an insurance crisis… oh wait, like at the Federal level in 2008?

Anonymous
5 months ago

NOT REALLY

They call me...
5 months ago

Yeah….all these people who can afford the rental prices is PROOF that rents are unaffordable.

Uhhh…no…ummm…flip that…it’s the opposite.

Joseph Guilbert
5 months ago

These problems can be worked out with some pragmatism. I’ve lived here most of my life. It’s a good place to live.

t&d
5 months 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
5 months ago

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

Anonymous
5 months 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
5 months ago

Blue states in shambles.

It’s me
5 months ago

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

MiMiami
5 months 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
5 months 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
5 months ago

Have you ever been to California?

They call me...
5 months 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
5 months 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
5 months 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
5 months ago

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

Mm305
5 months 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
5 months ago

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

Anonymous
5 months ago

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

Anonymous
5 months ago

Why deny the truth?

Anonymous
5 months 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
5 months 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
5 months ago

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

Jaz
5 months ago

Touché

Anonymous
5 months ago

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

Anonymous
5 months ago

Actually, Tally is very blue.

Anonymous
5 months 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
5 months ago

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

Truth Hurts
5 months 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
5 months ago

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

t&d
5 months 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
5 months 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
5 months ago

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

Truth Matters
5 months 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
5 months 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
5 months ago

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

They call me...
5 months ago

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

Anonymous
5 months ago

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

Anonymous
5 months ago

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

MiMiami
5 months ago

Thank you DeSantis & Saurez!!

Anonymous
5 months 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
5 months 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
5 months ago

Thank you Suarez, f—k you DeSantis!

Anonymous
5 months ago

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

Anonymous
5 months ago

Fuck DeSantis and his faux populism

Anonymous
5 months ago

As long as they move their companies and HQs here!

Jack Ruan
5 months ago

Wait until they find out about hurricanes.

National Hurricane Center
5 months 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
5 months ago

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

Anonymous
5 months 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
5 months 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

Anthony Alexander
5 months ago

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

Avenger1956
5 months ago

Land of the rich. Home of the poor.

Anonymous
5 months 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
5 months ago

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

Anonymous
5 months 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
5 months ago

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

Jerry
5 months 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.

Wed
5 months 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
5 months ago

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

Anonymous
5 months ago

All teachers

Melo’s pájaro nalgon
5 months ago

This cannot be good for Miami

Anonymous
5 months ago

But it was good for Miami when you got there?

Anonymous
5 months ago

Now we just have to redistribute it!

Anonymous
5 months ago

^^Funny

chongalicious
5 months ago

ahhhh and my comments get moderated about taxes changing in blue states……….which allow rich citizens to “claim” they live here for tax exemptions…..mods get real about discussions and dialogue

Burn
5 months ago

Ok

No name
5 months ago

Keep it up come on down .