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Jack Salmon: High earners continue to leave Washington as $1.2 billion exits in 2023

Jack Salmon: High earners continue to leave Washington as $1.2 billion exits in 2023
High earners exit Washington, $1.2 billion outflow

Newly released tax data indicates that high earners are continuing to leave Washington, according to Jack Salmon. The data shows that another $1.2 billion left the state in 2023, specifically from residents earning over $200,000.

This trend follows the 2021 introduction of the state's capital gains tax, which Salmon links to the ongoing exodus of wealthy individuals.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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