1srelluc
Diamond Member
Massachusetts stands to lose almost $1 billion in annual revenue by 2030 as high taxes and housing costs push wealthy residents to move elsewhere.
Migration out of Massachusetts to other US states accelerated during the pandemic as the rise of remote work made it more feasible to live farther away from the office. If the current trend continues, more than 96,000 residents making a combined $19.2 billion in adjusted gross income are set to leave the state annually by 2030, according to a study by Boston University’s Questrom School of Business. That will cost Massachusetts about $961 million in income tax revenue each year, the study estimates.
Last year, Massachusetts lost about 39,000 residents to other states, more than ten times the pace of 2013, with Florida and New Hampshire among the top destinations.
Prime-age workers have accounted for the majority of the exodus in recent years, with the 26-to-34-year-old cohort seeing the biggest volume of departures, according to the study. More than half of those who are leaving Massachusetts are high earners.
Blah....Mass dont care, they'll just raise taxes to compensate......They haven't called it Taxachusettes for nothing..
I hear southern NH is overrun with Massholes and they very much want to change the state "live free or die" motto as they bring their leftism with them.
