How Money Walks

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How Money Walks Real news in real time. Breaking stories that matters to everyone in pursuit of their own American Dr The question is, why? The personal income tax.

Between 1995 and 2010, millions of Americans moved between the states, taking with them over $2 trillion in adjusted gross incomes. Some states, like Florida, saw tremendous gains ($86.4 billion), while others, like New York, experienced massive losses ($58.6 billion). Why did Americans move so much of their income from state to state? Which states benefitted and which suffered? Money—and people—m

oved from high-tax states to low-tax ones. And the tax that seemed to matter the most? The states with no income taxes gained the greatest wealth, while the states with the highest income taxes lost the most. The states that gained working wealth are thriving. The states that lost working wealth lost their most precious cargo—their tax base—and the consequences are dire. The numbers don't lie. Using official statistics from the IRS, Travis H. Brown’s book How Money Walks explores the hows, whys, and impact of this massive movement of American working wealth.

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