Business
Americans leaving high-tax blue states for low-tax red states in droves
‘The Big Money Show’ breaks down new IRS migration data, revealing where Americans are moving, where wealth is growing and which states are losing economic influence.
Americans are voting with their feet, leaving high-tax blue states for lower-cost, Republican-led states and reshaping the nation’s economic and political map, according to new Census Bureau data.
As states battle for residents and businesses, low-tax red states are attracting jobs, investment and population growth. Democratic-led states continue relying on higher taxes to fund public services and social programs, even as companies and wealthy residents move elsewhere.
With affordability set to dominate the 2026 midterms, the migration trend points to continued appeal for Republican-backed economic policies, despite Democrats’ attempts to pin economic frustrations on President Donald Trump.
If the trend persists, it could also reshape the political landscape, increasing the influence of faster-growing states in both state capitals and Washington.
AMERICA’S NEXT ECONOMIC POWERHOUSE MAY BE RISING IN RED-STATE TERRITORY

New Census Bureau data show ongoing migration from high-tax states to lower-cost states. (Smith Collection/Gado/Getty Images / Getty Images)
Census Bureau data show the nation’s highest-tax states are losing residents, while Southern and Sun Belt states continue posting some of the strongest population gains. Seeking lower housing costs, lighter tax burdens and a more affordable cost of living, Americans are increasingly leaving high-cost coastal states that have seen domestic outmigration accelerate in recent years.
The migration shift reflects a broader divide over taxation and government spending.
New York collected more state and local taxes per resident than any other state in fiscal year 2023, at $12,506, according to Census Bureau data. Democratic-led Connecticut, New Jersey and California also ranked among the nation’s most heavily taxed states.
Connecticut collected $9,388 in state and local taxes per resident, while New Jersey collected $9,178. Many of those states rely on progressive income tax systems to fund public schools, mass transit and other government services.
THE RED STATES RACING AHEAD IN AMERICA’S POWERFUL WEALTH BOOM — AND THE STATES FALLING BEHIND
By contrast, Mississippi, Tennessee and Alabama ranked among the lowest in per-capita tax collections, reflecting a governing philosophy centered on lower taxes and a lighter burden on residents and businesses.
That approach appears to be attracting both people and investment. Several Republican-led states have embraced aggressive tax-cutting strategies aimed at drawing workers, retirees and businesses.
Tennessee has no state income tax, while Arizona recently adopted a flat tax. Mississippi and South Carolina have enacted multi-year tax-cut plans and are pursuing the eventual elimination of their state income taxes altogether.
Supporters of the lower-tax approach argue it has helped drive migration to the South and Sun Belt, particularly as remote work gives Americans more flexibility over where they live and businesses greater freedom over where they invest.
CLICK HERE TO GET FOX BUSINESS ON THE GO
‘The Big Money Show’ panelists weigh in on U-Haul’s 2025 ‘Growth Index’ and the exodus from blue states to red states.
Critics counter that lower-tax states may struggle to keep pace with infrastructure needs and public services as their populations expand.
As Americans continue voting with their feet, the growing divide between red- and blue-state fiscal models is emerging as one of the nation’s defining economic and political fault lines.
Business
US takes step to halt Nvidia AI chip shipments to Chinese firms outside China

US takes step to halt Nvidia AI chip shipments to Chinese firms outside China
Business
Who could benefit from further upside in South Korea’s luxury demand?

Who could benefit from further upside in South Korea’s luxury demand?
Business
Russia-appointed official says child killed, 11 injured in drone attack in Russian-held Kherson region

Russia-appointed official says child killed, 11 injured in drone attack in Russian-held Kherson region
Business
International Countries Have Only Bought 10% Of Total New Debt Over 18 Months
SchiffGold is a full-service, discount precious metals dealer specializing in investment-grade gold and silver bullion. We offer a range of related services, from vault storage partners to physical gold IRAs.
Renowned investor Peter Schiff founded SchiffGold in 2010 to provide a trustworthy source of bullion for his brokerage clients. Peter has always advised long-term investment in physical precious metals as an inflation-proof store of value. Unfortunately, he found far too many gold buyers were getting swindled by big companies pushing numismatics at high markups. SchiffGold is his answer — an honest gold dealer that sells only the most liquid bullion products in the world at the lowest possible prices.
Business
Taiwan Suspects Nvidia AI Chip Shipment Smuggled to China
Taiwan prosecutors suspect three individuals successfully smuggled at least one shipment of Nvidia AI chips to China. The suspects reportedly used deceptive methods in the transfer process, raising concerns over technology security and intellectual property violations. An investigation is ongoing to determine the full extent of the smuggling operation and potential regulatory breaches.
Authorities in Taiwan suspect that a shipment of Nvidia AI chips was smuggled into China, raising concerns about potential technology leaks and national security. The investigation was prompted after customs officials detected irregularities in the export documentation of the high-performance chips, which are crucial for artificial intelligence applications. These chips are highly sought after for their advanced capabilities and are often targeted for smuggling to benefit competitors or unauthorized entities.
The suspected smuggling operation highlights the growing complexities of international technology trade and security. Taiwan, a major hub for semiconductor manufacturing, closely monitors the export of sensitive technology to prevent misuse or unauthorized transfer. The government has vowed to strengthen controls and collaborate with international partners to prevent similar incidents in the future.
This incident underscores the broader geopolitical tensions surrounding technology and innovation. As countries compete for technological dominance, safeguarding intellectual property and preventing unauthorized exports become increasingly critical. Authorities continue to investigate the case, aiming to ensure the integrity of Taiwan’s high-tech industry and prevent technological espionage.
Other People are Reading
Business
Visits to restart at New Jersey migrant detention center as police expand restricted area

Visits to restart at New Jersey migrant detention center as police expand restricted area
Business
Colombians weigh leftist reforms against right-wing crackdowns in presidential vote

Colombians weigh leftist reforms against right-wing crackdowns in presidential vote
Business
Draganfly: Drone Hype Is Outrunning Fundamentals
Draganfly: Drone Hype Is Outrunning Fundamentals
Business
Syria’s Sharaa holds phone call with Trump, Syrian presidency says

Syria’s Sharaa holds phone call with Trump, Syrian presidency says
Business
Localisation lens on 500 most-imported items: DPIIT analysing data; move aims to reduce country’s import bill
The commerce and industry ministry is collating data from different ministries on import dependence, estimated time and capital investment required to achieve commercially viable domestic manufacturing capability, and national strategic relevance of these products, officials privy to the development said.
The idea is to reduce the country’s import bill and build supply resilience amid the ongoing West Asia crisis.
The Department for Promotion of Industry and Internal Trade (DPIIT) is “analysing data such as production capacity and bottlenecks faced by industry,” one of the officials said.

The department has sought information such as the extent to which domestic demand for the product is met through imports, indicating vulnerability to external supply and the need for localisation, and the importance of the product in ensuring continuity, resilience, and stability of domestic manufacturing and essential downstream sectors.
The exercise also covers harvester-threshers, parts of turbo jets and certain graphite, officials said.
DPIIT is likely to shortlist around 100 items where the imports are high but the country has capacity to produce them locally, another person aware of the development said.
High import dependence means where 60% or more of the domestic demand for the product is met through imports while medium is where imports are 30-60%.
“Electronics and chemicals are two key sectors where imports are huge but the potential to export is also significant,” another official said.
India’s goods import bill stood at $774.98 billion in FY26, led by oil at $174 billion, electronics at $116.17 billion, and gold at $72 billion. The country also imported organic and inorganic chemicals worth $28 billion last fiscal.
Makeup preparations, dishwashers, industrial valves and certain silicon wafers also figure in the list of the products whose imports are being studied.
The exercise comes after Prime Minister Narendra Modi urged citizens to help preserve foreign exchange and contain the country’s rising import bill amid the ongoing conflict in West Asia.
-
NewsBeat4 days agoIsrael says it has killed new Hamas military leader in Gaza City airstrikes
-
Tech5 days agoNASA taps Blue Origin to deliver lunar rovers for Moon Base initiative
-
Politics6 days agoBridgerton Season 5: Cast, Release Date And Everything We Know So Far
-
Crypto World7 days agoBrian Armstrong Outlines Crypto Vision for the Future Financial System
-
News Videos5 days agoXRP *JUST* SUCCEEDED!!!! CLARITY ACT EXPOSED!!! (SHE EXPOSED IT)
-
Sports6 days ago2026 NBA Finals schedule, odds: Knicks await Thunder or Spurs after winning East
-
Crypto World5 days agoMicron Crosses $1 Trillion Market Cap as AI Demand Reshapes Memory Sector
-
Business5 days agoSelena Gomez Reportedly Upset Over Benny Blanco’s Comments on Her ‘Terrible’ Diet
-
News Videos2 days agoThis is BROKEN! INSANE 5x MONEY CAR WASH WEEK! The NEW GTA Online UPDATE Today! (GTA5 New Update)
-
Business6 days agoBTS Sells Out Four Las Vegas Shows at Allegiant Stadium for ARIRANG World Tour
-
Tech6 days agoChina assigns ID codes to 28,000+ humanoid robots
-
NewsBeat6 days agoHottest May day ever as London hits 34.8C in 2C leap from previous records
-
Tech6 days agoMicrosoft’s quiet Claude Code retreat and the real cost of enterprise AI
-
Tech3 days agoWaymo dominates autonomous vehicle registrations as Tesla trails behind
-
Business6 days agoNikkei 225 Surges Past 65,000 for First Time as Iran Peace Hopes Fuel Record Rally
-
Tech4 days agoThe Samsung pay deal is the moment Korean unions changed register
-
NewsBeat6 days agoCrowds find riverside shade in York as temperatures soar
-
Tech6 days agoWestone Audio and Etymotic Acquired by Fidelity Collective in Major IEM Market Move
-
Entertainment6 days ago‘Breaking Bad’ Star’s Easy-to-Binge 6-Part Crime Series Spin-Off Is Finally Heading to Free Streaming
-
Tech5 days agoMillions of AI agents imperiled by critical vulnerability in open source package

You must be logged in to post a comment Login