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Where wealthy Americans are moving billions in earnings to — and from — since the start of the Covid-19 pandemic - Silicon Valley Business Journal

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Follow the money: The pandemic has Americans — and billions of dollars — on the move. These are the big winners of Covid-19 migration.

Sep 23, 2022, 3:26pm PDT

Many of those moves crossed state lines. Florida netted roughly $24 billion in income reported by new tax filers residing within its borders. Texas hauled in a net $6.4 billion from that inflow, while Arizona , North Carolina and Tennessee rounded out the top five states for income reported by newly minted residents.

Those counties lost tax filers with a combined $102 million in annual income to Teton in 2019 and 2020. They averaged about $714,500 in annual income apiece in those reporting years, about eight times Teton’s median household income.

 

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