Tax policy shapes migration flows
North Carolina is a popular destination for those seeking to make a new life in a new state. According to a tracking report by United Van Lines, we ranked sixth in the nation for inbound migration during 2020.
North Carolina is a popular destination for those seeking to make a new life in a new state. According to a tracking report by United Van Lines, we ranked sixth in the nation for inbound migration during 2020.
The Republican philosophy for North Carolina is apparent to any mildly informed observer not predisposed to blind partisanship. After all, we’ve adhered to it for more than a decade.
Taxing the income, sales, or property of a business is a means of paying for government services associated with that business activity. It pays for police, courts, and other means of protecting property and adjudicating disputes. It pays to train current workers and educate future ones. It helps pay for local streets and other infrastructure.
A recent examination by the Tax Foundation shows North Carolina’s high net migration rate may be due to its friendly tax climate. The nonprofit, nonpartisan group annually examines migration trends, using data from United Van Lines, the largest moving company in the country. That company’s National Movers Study found that in 2020, Idaho saw the highest percentage of net migration at 70%, followed by South Carolina (64%), Oregon (63%), South Dakota, and Arizona (both 62%). North Carolina ranked sixth at 60%.The states with the highest exodus? New Jersey, New York, Illinois, Connecticut, and California.
With Democrats in charge of the White House, and U.S. House, and (possibly as of this writing) the U.S. Senate, you can expect a push by left-wing activists and politicians to repeal some federal tax cuts enacted by the previously Republican Congress and signed by President Trump.