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Pandemic heats up state tax competition to attract businesses and residents

February 8, 2021

Via: CNBC

The tax competition between states to attract and keep businesses and residents has been ongoing for decades. The national migration pattern has generally trended from cold, high-tax northern states to warm, low-tax southern and south western states.

Retirees, no longer tied to a workplace or raising children, have been a major part of the caravan of migrants heading south. However, for all but the wealthiest, taxes are usually not the main factor.

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