Tag Archive for: out-migration
https://pioneerinstitute.org/wp-content/uploads/Senate-Bill-analysis-06142023.png 1080 2400 Eileen McAnneny https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Eileen McAnneny2023-06-14 06:30:412023-06-14 06:40:44Senate Tax Package Misses the Mark on Competitiveness
The Senate tax package, S.2397, is heavy on provisions that reduce the tax burden for certain taxpayers, thereby helping those that qualify for the expanded credits and deductions. The bill, however, is light on provisions that will improve the Commonwealth’s competitiveness.
https://pioneerinstitute.org/wp-content/uploads/Taxation-3D.jpg 1501 2001 Sarah Delano https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Sarah Delano2023-06-01 14:25:392023-06-01 14:27:03Massachusetts is Losing Taxpayers to More Tax-Friendly States
This post explores the difference among tax policies in Massachusetts, New Hampshire, and Florida in order to explain the increasing amount of Massachusetts residents who are migrating from the state. Tax-friendly policies are very alluring to Massachusetts residents, seeing as the state is actually increasing the personal income tax rate rather than try to lower taxes, as both New Hampshire and Florida have done.
https://pioneerinstitute.org/wp-content/uploads/Screenshot-2023-05-12-at-5.42.35-PM.png 535 1042 Editorial Staff https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Editorial Staff2023-05-15 09:00:492023-06-22 13:17:57Study: Net Out-Migration of Wealth from Massachusetts Nearly Quintupled from 2012-2021
IRS data reveals that net out-migration from Massachusetts is accelerating rapidly and is greatest among affluent residents who pay the most in state taxes, according to a Pioneer Institute analysis. Between 2019 and 2021, Massachusetts rose from ninth to fourth among all states in net out-migration of wealth, behind only California, New York, and Illinois.
https://pioneerinstitute.org/wp-content/uploads/Wealth-to-NH.png 512 1024 Editorial Staff https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Editorial Staff2023-04-28 14:34:342023-04-28 14:35:35New IRS Data Shows Out-Migration Worsening, Underscoring the Need for Massachusetts Leaders to Focus on State’s Competitiveness
Massachusetts’ net loss of adjusted gross income (AGI) to other states grew from $2.5 billion in 2020 to $4.3 billion in 2021, according to recently released IRS data. Over 67 percent of the loss was to Florida and New Hampshire, both states with no income tax.
https://pioneerinstitute.org/wp-content/uploads/Blog4_Cover.jpg 427 640 Joseph Staruski https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Joseph Staruski2022-06-23 12:15:122022-06-24 11:36:25Emigration from Massachusetts is at a Decade High, Despite Booming Economy and High Standard of Living
The economy is doing great, so why are people leaving Massachusetts?
https://pioneerinstitute.org/wp-content/uploads/Fig1-5.png 601 923 Editorial Staff https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Editorial Staff2021-02-22 05:18:182021-02-22 06:08:55New Study Highlights Economic Fallout from California’s 2012 Tax Hike
A 2012 income and sales tax increase in California, named “Proposition 30,” stifled business activity, accelerated out-migration among the wealthy, and ultimately reduced the state’s tax base, according to a new study published by Pioneer Institute that aims to share empirical data about the impact of tax policy decisions.