Can Gov. Newsom lure Floridians to California?

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Can Gov. Newsom lure Floridians to California?
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21,855 left the Sunshine State for the Golden State in 2020, the sixth-largest source for new Californians.

But when you look at departures as a share of the population, there was a 2.7% chance a Floridian left the state, the 23rd lowest exit rate.Its 2.1% exit rate was seventh-best in the nation.Yes, California drew 412,700 taxpayers from other states in 2020, the nation’s third-largest intake. Florida’s 623,700 additions were No. 1.

And look who did move to California in 2020 from across the nation: households with $83,100 in average annual incomes.In fact, 21,855 left the Sunshine State for the Golden State in 2020, the sixth-largest source of new Californians. Texas lost the most taxpayers to California at 38,445, then New York at 32,483, Washington at 28,578, Arizona at 25,326, and Nevada at 24,827.

Florida has no income tax, certainly a financial lure for many folks. California taxes are … well, you know … California taxes.

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