K-12 Tax & $pending climate: Who Are Moving In and Out of Wisconsin?
Junjie Guo and Ananth Seshadri
- We use population migration data from IRS to describe the age and income compositions of taxpayers and their dependents moving in and out of Wisconsin in each year between 2012 and 2022.
- Wisconsin lost about 8000 individuals (taxpayers and their dependents) and over $400 million of income to other states in each year between 2012 and 2016.
- The net inflows of individuals were around zero in each year between 2017 and 2022, while the net inflows of income remained negative, because average income was higher among outflows than inflows.
- Different from 2012, when Wisconsin lost taxpayers of all ages and all income levels to other states, Wisconsin gained some middle-aged and older taxpayers as well as taxpayers with relatively high income (e.g., $100,000-$200,000) in 2022.
