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Tax Flight Takes Off: IRS Data Reveal Surge of Massachusetts Residents Fleeing to Tax-Friendly States Following the 4 Percent Surtax
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Tax Flight Takes Off: IRS Data Reveal Surge of Massachusetts Residents Fleeing to Tax-Friendly States Following the 4 Percent Surtax
Net AGI Loss to Florida and New Hampshire Quintuples in a Decade as 26-35-Year-Old Outmigration Continues Newly released 2023 IRS migration data – the first full year after the 4 percent surtax on incomes over $1 million took effect – show Massachusetts losing more than double the amount of adjusted gross income (AGI) than in any year prior to 2020, ranking fourth among states in net AGI out-migration, behind only California, New York, and Illin…
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