, Columnist
Moving to a Low-Tax State Can Be an Expensive Way to Save Money
What could be better than avoiding income taxes? Having a higher salary.
At least it’s cheap.
Photographer: Frederic J. Brown/AFP/Getty ImagesThis article is for subscribers only.
Do people really move because they think their state income taxes are too high? It’s been a longstanding debate. Finally, a recent report from the Tax Foundation provides some compelling evidence that yes, they do.
The right-leaning group analyzed data from the Internal Revenue Service that compares the addresses for tax returns filed for tax years 2018 and 2019. These are returns that were sent to the IRS starting in 2019 up until July 15, 2020 (because taxpayers were granted a three-month extension during the pandemic for their 2019 returns).