News

Study shows that Americans flock to States with less burdensome taxes

Migration movements for the year 2016 show that the Americans what they deserve tend to be away from high-tax States and into States, where the inhabitants keep more of it.

United Van Lines, the nation’s largest moving company, released the shows recently, its annual movers study, South Dakota overtook Oregon as the top inbound destination. In General, more people moved in the direction of the West and the States in the North-East saw the largest exodus of residents. The four top outbound States in the year 2016, in order, were New Jersey, Illinois, New York and Connecticut.

The Tax Foundation pointed out in a recent blog post that these results are similar to the Organisation of the annual state business tax climate index. In fact, New Jersey, the outbound rate is looked up from 63 per cent — that means that almost two people moved from the garden state, for each person, the moves, also finished last in this index. New York had the second worst business tax climate, according to the tax Foundation. Connecticut was the eighth worst, while in Illinois, more middle of the pack.

The Tax Foundation said the lack of an important taxes, such as Corporation tax, income tax or value added tax is a common factor in most of the States that rank in the top ten on the business climate tax index.

Click for more from Watchdog.org

Follow us

Don't be shy, get in touch. We love meeting interesting people and making new friends.

Most popular