Updated
Updated · Fox News · Jul 16
California, New York Counties Lose 17,496 Tax Filers as IRS Data Shows $1.9 Billion Leaving LA
Updated
Updated · Fox News · Jul 16

California, New York Counties Lose 17,496 Tax Filers as IRS Data Shows $1.9 Billion Leaving LA

1 articles · Updated · Fox News · Jul 16

Summary

  • IRS migration data show the 10 counties with the biggest net taxpayer losses were all in California and New York, led by Los Angeles County with 17,496 filers leaving and nearly $1.9 billion in income departing.
  • Queens lost 17,109 filers, the Bronx 16,319, Orange County 11,618 and Suffolk 10,434, reinforcing a broader shift from major coastal counties to lower-cost, lower-tax destinations.
  • Manhattan stood out by gaining the most interstate tax filers nationwide while still losing nearly $1 billion in adjusted gross income, indicating higher earners left even as newcomers arrived.
  • Maricopa County gained 9,353 filers, Harris County 8,955, King County 8,297 and Clark County 7,524, with economists tying the moves to taxes, housing costs and job opportunities.
  • The taxpayer and income outflows could weaken state and local tax bases that fund schools, public safety and infrastructure, sharpening pressure on high-tax states as Sun Belt growth continues.

Insights

As new residents flood low-tax states, are they creating the same high-cost problems they fled?
Manhattan is gaining residents but losing billions in income. Is this a warning sign or a new path to urban vitality?
With wealthy citizens moving and immigration declining, is the U.S. facing a perfect storm for economic stagnation?