Wealth Migration; South East States Dominate North East States | Hot Sheet 06/30/23
BAM Hot Sheet
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The Loss of State Tax Revenue in California
Texas and Florida keep growing their coffers during this population influx. These states with high high state income tax are seeing tax revenues decline. A lot of this has to do with the money that we've printed during the pandemic. The problem is exacerbated in places like San Francisco where they're faced with a $780 million deficit.
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