Map Charts Flow of Wealth From High-Tax States to Low-Tax States
Have you noticed more Californians coming to New Mexico?
Judging from a study of wealth migration, it's not just a feeling you may have — it's true.
A fascinating map showing the amount of money flowing from state to state called "How Money Walks" shows that $950.09 million in wealth moved from California to New Mexico in the span of 15 years.
And while New Mexico's economy has been sluggish, according to the map's figures, more money has come into the state from other states than has come out.
The map's author, Travis H. Brown, tracked the millions of people in the U.S. who moved from state to state, taking with them more than $2 trillion in adjusted gross income. Brown says Americans are fleeing high-tax states and moving to states that offer lower taxes.
The big losers? New York, California, Illinois, New Jersey and Ohio.