Income Migrating Out of Maryland

Very interesting new map from the Tax Foundation showing that Maryland is No. 43 --  that is, 7th from the bottom -- in terms of migration of personal income from one state to other states. According to the Tax Foundation, from 2000 - 2010, individuals leaving Maryland for other states took with them $5.5 billion in income.

That's a lot of money "out migrating"from Maryland for other more tax friendly, business friendly states. This outflow of income from Maryland positively benefits the total taxable income in the person's new state and negatively affects the income remaining in Maryland.