Grave concerns as California faces high-income earner exodus
Автор: Sky News Australia
Загружено: 2023-12-28
Просмотров: 454879
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Grave concerns for the US golden state of California as it faces an apparent exodus of high-income earners.
Texas, Arizona, Florida and Nevada have all become popular relocation sites as residents look to escape a 13.3 per cent income tax.
Analysts have expressed their worries as just under half of the state's total tax intake is sourced from high-income earners.
In three years, California has witnessed over 750,000 residents be lost to other states.
The state of California depends on its wealthy citizens for 45 per cent of its tax revenue and now claims to be facing a $68 billion deficit.
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