Study: Florida Gained $17.7B Net Income In Just One Year From New Residents

Close to 1,000 new residents are migrating every day to Florida, and it is creating big gains in taxable income for the state (Florida doesn’t tax income) a new study by Lendingtree shows.

Florida is by far the biggest winner in net income gains created by residents moving from another state, the analysis concludes.

IRS data from 2016 was used for the study – even before the State and Local Tax (SALT) deduction cap was passed in 2017 which made relocating to Florida much more favorable.

Florida’s new residents brought in a net $17.7 billion in adjusted gross income to the state, including those moving both to and from the state during the year. That was far larger than any other state (second place was South Carolina at $2.3 billion).

The biggest losers in 2016 were New York, Illinois, New Jersey, Pennsylvania, and Connecticut.

 

 

 

(photo: nasa)

49 Comments
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Anonymous
1 year ago

well, the biggest loser states are run by democrats. That might have something to do with it.

Anonymous
1 year ago

Given by your grammar…you were educated at a republican school.
It’s too easy to make dumb generalizations…

Anonymous
1 year ago

Do you have a list of republican schools?? We need to boycott them!!

Anonymous
1 year ago

Colorado, Washington, Oregon, and Nevada seem to be doing just fine under blue leadership.

Anonymous
1 year ago

Yes! Those are the states where I go to do nothing.
Vacation.
Unproductive people really know how to relax and suck the blood out of their hosts.

Anonymous
1 year ago

Nike is headquartered out of Oregon. Microsoft, Amazon, and Costco are headquartered out of Washington. Coors, Dish Network, Re/Max, and Western Union are headquartered in Colorado, but yes go on about how unproductive these states are.

Anonymous
1 year ago

Coors ??!!! COORS ???!!!!! That reminds me I need to take a leak !!

POLO
1 year ago

The reason people are moving to Florida from New York (and other blue states) is because of Trump new tax policies that hurts blue states. People in those states cannot deduct state taxes, and sale taxes among other things. Get your facts strait before you make stupid comments, just like the idiot you support.

Anonymous
1 year ago

Trump2020!!!!!!!!!

Anonymous
1 year ago

YEZ
MAKE AMERICA STRONG, AND PROSPEROUS
TRUMP 2020

Anonymous
1 year ago

Scaramucci said, “don’t believe the hype!”

Anonymous
1 year ago

Scaramucci, Bett Midler, that female soccer player (where is she now) the creepy Porn Lawyer Avenatti, David Hogg (he kind of went away too), and plenty others have said the same.

Watching progressives try to take down Trump is more fun than watching a cat follow a laser pointer dot on the wall.

They are soooo sure they are going to catch it…and then they grasp for it and…..nothing there….

Anonymous
1 year ago

Funny how you now conveniently forget about the way the entire GOP went after Bill and Hillary Clinton during his eight years as president. Hell, Trump is still using Bill Clinton for a scapegoat when he accused him of taking out Jeffery Epstein.

Not Gene
1 year ago

Which brand of aluminum foil do you use for your hats?

Anonym
1 year ago

RACIST, RACIST, RACIST!!!!

Anonymous
1 year ago

That is an excellent platform!
Now that facts and evidence show that the economy is overwhelmingly positive, and the Russian Collusion was bunk.
What else can the loser party say?
Hes dumb!
His hair is bad!
He looks orange!

None of that sticks. RACIST! YEAH…THATS IT! RACIST.

Anonymous
1 year ago

STOP WATCHING FOX FAKE NEWS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Anonymous
1 year ago

Please.. even Sarah Huckabee Sanders couldn’t stick up for this con-man in the Oval Office anymore.

David Laguardia
1 year ago

How are you going to assume that it’s racist without using factual proof?

Anonymous
1 year ago

That’s Wrong Polio…
People Are Moving From States That Are Poorly Run, To Florida.
Most Dem. Governors Couldn’t Pass Econ. 101, If They Tried.
They Are In A Death Spiral!
TAX, TAX, TAX, Is ALL They Know!

Bill
1 year ago

Hey genius, you need to tax to fund the government. Last time I checked, Republicans just run up deficits and increase the debt because they cut taxes but not spending. At least democrats increase taxes to fund spending rather than passing debt down to our kids and grandkids. Now THAT is economics 101.

Anonymous
1 year ago

You Need To Be Better Informed…
The Last President Ran Up The Debt More Than Anyone In History!
The Market Doesn’t Lie…
People Want Out!!!

Bill
1 year ago

The current president is already blowing up the deficit and about to cause another economic slump. The market doesn’t lie, indeed. https://www.bloomberg.com/news/articles/2019-08-12/u-s-budget-deficit-already-exceeds-last-year-s-total-figure

Bill
1 year ago

That first link disproved your claim on highest debt of anyone in history considering this current budget and spending pattern are putting us into record debt. This link now shows how your economics 101 will hurt markets unless the fed cuts the rate, which we know will also hurt markets. Either way, bad times are ahead. https://www.cnbc.com/2019/08/13/a-1-trillion-us-budget-deficit-could-lead-the-fed-to-cut-rates.html

Anonymous
1 year ago

“The Last President Ran Up The Debt More Than Anyone In History!”

Boy, you Republicons sure like to repeat bullshit.

GW Bush along with his Republicon henchmen took an economy that was prospering and on it’s way to paying off the national debt and decided he’ll start a war that even Trump bashes him for doing and to this day we’re still paying billions every year for it.

The “Market Doesn’t lie” but you sure don’t know what you’re talking about.

Anonymous
1 year ago

All fine and dandy, but how much of that money is actually used efficiently?

Anonymous
1 year ago

Trumps $10 Trillion dollar stimulus package was necessary to bail out Detroit, and…

Oh. Wait. Trump never borrowed $10T from future generations. That was a different Pres.

Anyway Mr. “Last time I checked”… maybe YOU shouldnt be the one checking anything that requires a modicum of intelligence.

Bill
1 year ago

That’s Mr. President to you. And last time I checked, I left the economy in a great state when I left. Bush tanked it and ran up the deficits just in time for Obama to come in and take the blame, but sure, remember it how you want to.

Anonymous
1 year ago

Yes!!! All democrats want to do is tax people. How about the new green deal?? Another Tax!!

Anonymous
1 year ago

Don’t get mad at the Democrats because Trump suckered you into paying for his wall.

Anonymous
1 year ago

And yet where’s the $ going?
These people don’t learn.
We might have failed grammar but our history is on point

Anonymous
1 year ago

Here’s one for your history lesson. Before Obama became president, I was paying $4.25 and over for a gallon of gas. When Obama became president, I was paying $2.50 or less for a gallon of gas.

Stop falling for the BS the con-man in office puts out.

Anonymous
1 year ago

It’s Clearly Evident You Know Zero About The Economy, Or Financial Markets.
Pre Obama, The Market Could Support A Higher Gas Price.
During Obama’s Tenure, The Economy Moved At A Snails Pace, Because Of His Anti-Business Policies.

Bruno
1 year ago

Only An Old White
Man
/
Boomer Types Like This

Anonymous
1 year ago

“Pre Obama, The Market Could Support A Higher Gas Price.”

Ha! you Republicons sure know how to spout bullshit.

Before Obama became president the U.S. economy was hemorrhaging over 700,000 jobs a month. Police departments were laying off cops and shutting down, home foreclosures were at an all time high, and truckers had to park their truck because they couldn’t afford the high cost of fuel and go on welfare and collect food stamps to survive. I could go on an on but I hope you get the point.

So, please explain how “Pre Obama, The Market Could Support A Higher Gas Price?”

Anonym
1 year ago

Take your head out of your butt hole!

Anonymous
1 year ago

A man brought this country out of economic despair in less than two years of being the president but he filed for bankruptcy at least three times, ran casinos into the ground, fucked up a football league to the point to where it went defunct, and in a ten year period lost a billion dollars trying to be a businessman.

Thank God we have the Democrats to fix this economy after the Republicans fuck it up again.

Not Gene
1 year ago

So I guess Massachusetts and Ohio’s poor numbers (per this blog post) and their republican governors don’t count for anything?

POLO
1 year ago

NO, YOU ARE WRONG!!!! California has the 6th largest economy in the world. New York City’s economy (Gross Domestic Product) is 1.5 trillion dollars! What does Alabama, Mississippi, and Louisiana have? ANSWERE: A LOT OF POOR PEOPLE!!!!

Anonymous
1 year ago

FL is a tax shelter so what…so is the Cayman Islands…you guys are not well educated and cannot analyze data to save your lives…everything that glitters on paper isn’t gold. What a joke. So how many under 26yo’s did it take to make that $33k guys? Yeah that is really promising. Losers. 🙂

Anonymous
1 year ago

Troll

Anonymous
1 year ago

“well, the biggest loser states are run by democrats?

Oh.. is that why Trump tried to run his operations from his tower in Manhattan instead of the White House?

Anonymous
1 year ago

New York LOST 8 million whoops

Anonymous
1 year ago

The city with its “brilliant” mayor is on a downward spiral

Anonymous
1 year ago

I hate to engage in politics OR name calling, but the data and literature suggest that nrither the Mayor nor the city is in a downward spiral.
NOW the education in Miami is top notch.
Sadly, there are still some legacy students who were educated in Miami before the Conservative Mayors took on this project.

Anonymous
1 year ago

Hell, Florida doesn’t tax income because tourist pay what’s called a “bed tax.”

Anonymous
1 year ago

Why does it seem like it’s $17M.

Anonymous
1 year ago

and the lighted areas in that satellite map of the post is where the net income gainers are ?

Anonymous
1 year ago

Sure didn’t gain it from economic activity