Monday, November 27, 2023

La. high taxes; Sun Belt moves

BATON ROUGE – A new report on combined state and local taxes puts Louisiana in the lower end nationally, but residents still pay a higher tab than other states in the Southeast.

The survey says Louisiana is ranked 36th in its per capita combined state and local tax collections in FY 2021. Louisiana residents paid an average of $4,822 per person.

While that compares favorably from a national perspective, it trails neighboring Mississippi (46th, $4,435 per capita collections), Georgia (43rd, $4,590), Florida (47th, $4,405), Tennessee (48th, $4272) and Alabama (49th, $4,245). (Center Square 11/27/23) Louisiana State and Local Taxes Higher Than Most in the Southeast - Biz New Orleans 


Work from anywhere becoming thing of past?

The work-from-anywhere approach Americans have been benefiting from since 2020 is starting to become a thing of the past. For the last three years, many workers have moved to states far from the ones their companies were based in. 

When The New York Times analyzed approximately 30 million change-of-address requests from the U.S. Postal Service from 2020, they found that - with the exception of exoduses from NYC and San Francisco - Americans' moving patterns remained consistent with those of the pre-pandemic days. 

Stacker analyzed the Census Bureau's 2019 American Community Survey data to determine the three most popular destinations for people moving out of each state - Florida, Texas and California. 

Roughly 7.4M people moved between states. Florida was the largest recipient at 601,000, followed by Texas (559,000) and California (480,000). 

The Sun Belt region saw an influx of people seeking warmer weather, lower taxes, and cheaper living long before the COVID-19 pandemic. (Stacker 11/27/23) The 3 states people are moving to the most in the US, according to data (msn.com)

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