Tennessee Sees $4.7 Billion Individual Income Increase From In-Migration

Bill Lee
by Jon Styf

 

Tennessee saw the fifth-largest population increase from other states between 2021 and 2022, according to new data released by the Internal Revenue Service.

Tennessee saw a net increase of nearly 60,600 during that calendar year, a population increase of 0.87% during the year, with a net increase of nearly $4.7 billion in adjusted gross income on individual tax returns.

Tennessee saw an increase of a net nearly 22,000 individuals from California between the two years and nearly 6,400 from Illinois while Tennessee saw a slight net loss in population to Georgia.

The tax returns from those who moved from California showed a net increase of $1.5 billion in annual adjusted gross income.

The IRS data is similar to U.S. Census Bureau data, which showed an 83,000 population gain from 2021 to 2022, a 1.2% population increase.

“I’m often asked why so many families & companies move from California to Tennessee,” Gov. Bill Lee wrote in March 2023 in response to a Tennessee crime stats tweet from California Gov. Gavin Newsom. “People want to live in a low-tax state that supports families & believes freedom & opportunity belong to everybody – not just the elite.”

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Jon Styf is an award-winning editor and reporter for The Center Square who has worked in Illinois, Texas, Wisconsin, Florida and Michigan in local newsrooms over the past 20 years, working for Shaw Media, Hearst and several other companies.
Photo “Bill Lee” by Office of the Governor. Background Photo “Internal Revenue Service Building” by ShashiBellamkonda CC BY 2.0.

 

 

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2 Thoughts to “Tennessee Sees $4.7 Billion Individual Income Increase From In-Migration”

  1. Randall Davidson

    said the elite, rich businessman…..

  2. Build that wall! (around CA) and keep ’em out. Their $$$ cannot offset their awful ideologies. The problems in CA are a direct result of these peoples’ beliefs and voting records. We have no use for that here.

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