Budget & Tax

Jonathan Small | January 10, 2019

How money walks

Jonathan Small

When people move between states, their income moves, too. This affects state economies and tax revenue. And the effects compound over time. Some states win big, others are big losers.

Read the rest over on The Journal Record.

Note: This commentary is based on an ongoing series about how states attract income—actually, people who earn income—from other states. Data are from How Money Walks, a project that tracks income migration at the state and county levels. Using IRS data, it shows how states have gained or lost wealth between 1992 and 2016. These data provide evidence about the effects of tax policy on where people choose to live. States in our series include Alaska, NevadaWashingtonTexas, and Florida.

Jonathan Small President

Jonathan Small


Jonathan Small, C.P.A., serves as President and joined the staff in December of 2010. Previously, Jonathan served as a budget analyst for the Oklahoma Office of State Finance, as a fiscal policy analyst and research analyst for the Oklahoma House of Representatives, and as director of government affairs for the Oklahoma Insurance Department. Small’s work includes co-authoring “Economics 101” with Dr. Arthur Laffer and Dr. Wayne Winegarden, and his policy expertise has been referenced by The Oklahoman, the Tulsa World, National Review, the L.A. Times, The Hill, the Wall Street Journal and the Huffington Post. His weekly column “Free Market Friday” is published by the Journal Record and syndicated in 27 markets. A recipient of the American Legislative Exchange Council’s prestigious Private Sector Member of the Year award, Small is nationally recognized for his work to promote free markets, limited government and innovative public policy reforms. Jonathan holds a B.A. in Accounting from the University of Central Oklahoma and is a Certified Public Accountant.

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