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Wednesday, June 16, 2021

IRS: California Shrank by 165K Taxpayers, $8.8 Billion in Gross Income

California residents of all ages and incomes are leaving for more tax friendly climates, and they’re taking billions of dollars in annual income with them. 

The Internal Revenue Service recently released its latest taxpayer migration figures from tax years 2018 and 2019. They reflect migratory taxpayers who had filed in a different state or county between 2017 and 2018, of which 8 million did in that timespan.