According to United Van Lines, Americans are still on the move in 2021. Taxes remain a driving factor, along with quality of life, work opportunities and family.
Most states with the highest percentage of outbound moves had above-average tax rates : New Jersey/NewYork/Illinois/Connecticut/California while states with the highest inbound moves have the lowest tax rates Idaho/South Carlina/Oregon/South Dakota/Arizona.
Now there are additional rumblings amongst State Governsers to create an additional “wealth tax” on high earners. More flight? Maybe.
What are your priorities in choosing where you live?
We are working with many clients on cash flow analyses on different costs of living in different states. Want to discuss? We would love to! Contact us anytime at www.aboutprofit.com for a Free Strategy Call.