How Money Walks

Between 1995 and 2010, Americans relocated across states, transferring over $2 trillion in adjusted gross incomes, significantly impacting the economic landscape. States like Florida gained substantial wealth while others, such as New York, faced significant losses. "How Money Walks" utilizes IRS statistics to explore the reasons behind these migrations and their implications, revealing that states with no personal income taxes saw significant gains, while those with high tax burdens suffered economically. This movement of working wealth serves as a critical indicator of economic health, influencing the growth or decline of states' tax bases.