Report: Better tax codes attract wealthy taxpayers

Published June 11, 2025 12:23pm ET



(The Center Square) – Favorable tax codes lead wealthy taxpayers to change where they live, the National Taxpayers Union Foundation says in a recent report for calendar years 2020 and 2021.

Citing IRS data, the analysis said Florida, Texas and North Carolina gained the wealthiest taxpayers from other states. California, New York and Illinois were biggest losers.

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