You remember California: People used to want to move there, start businesses, raise families, live their American dream.
These days, not so much. Between July 2019 and July 2020, more people — 135,400 to be precise — left the state than moved in, one of only a dozen times in over a century when that’s happened. The website exitcalifornia.org helps keep track of where these Golden State exiles go. No. 1 destination: Texas, followed by Arizona, Nevada and Washington. Three of those states have no state income tax, while Arizona’s is capped at 4.5 percent for married couples making over $318,000.
In California, by contrast, married couples pay more than twice that rate on income above $116,000. (And rates go even higher for higher earners.) Californians also pay some of the nation’s highest sales tax rates (8.66 percent) and corporate tax rates (8.84 percent), as well as the highest taxes on gasoline (63 cents on a gallon as of January, as compared with 20 cents in Texas).