Both Texas and Florida pay more federal taxes than they receive:
usafacts.org
government of the wealth, by the wealth, and for the wealth is our last remaining bulwark against the global elite
Both Texas and Florida pay more federal taxes than they receive:
Which states contribute the most and least to federal revenue? | USAFacts
In 2024, Californians paid about $275.6 billion more to the federal government than they received.
Not directed at you at all, but these numbers and these arguments are way more complicated than people like to think. Age of population, federal contracts and other factors can strongly impact these numbers. Virginia is a good example because they have a ton of defense money flowing into the state. So they may be a net receiver but not in the same way some other states may be.Both Texas and Florida pay more federal taxes than they receive:
Which states contribute the most and least to federal revenue? | USAFacts
In 2024, Californians paid about $275.6 billion more to the federal government than they received.
The same thing can be said of Alabama, when Huntsville is considered. Years ago, I feared that federal dollars would squeeze out everything else, in the way of industry. Instead, we're doing everything from making Toyotas and Mazdas to being a biochemistry research center. It's pretty meaningless unless you classify what those federal dollars are being used for...
Yeah well don't think that isn't going to change. Capital and population are leaving those blue states in pretty large numbers. They are moving to the red states and taking their money, skills, and businesses with them. It will take a little while longer, but the blue states are going to get bluer and poorer. The out migration of high and medium income earners is going to drain states like CA and NY dry over time. South Carolina is now the fastest growing state in the country. The population out flow doesn't even have to be huge numbers it just has to be the wrong group and those blue states can't maintain their spending and their economies.
biz.chosun.com
This is a quote from the article you sighted. There obviously is a trend but i think calling Miami and Austin the future financial capitals or even assuming a trend will continue for 20 years is a big assumption. It's all possible but I wouldn't say its close to inevitable.Yeah well don't think that isn't going to change. Capital and population are leaving those blue states in pretty large numbers. They are moving to the red states and taking their money, skills, and businesses with them. It will take a little while longer, but the blue states are going to get bluer and poorer. The out migration of high and medium income earners is going to drain states like CA and NY dry over time. South Carolina is now the fastest growing state in the country. The population out flow doesn't even have to be huge numbers it just has to be the wrong group and those blue states can't maintain their spending and their economies.
The financial capitals of the US will likely be Miami and Austin in another 20 years. You don't have to be in NY to be a major financial player anymore. You do that from anywhere. These large firms are slowly leaving NY. They may not pull out completely, but pulling out a chunk of their workforce and operations will hit NY hard.
Wall Street giants shift growth to Sun Belt as New York costs rise
Wall Street giants shift growth to Sun Belt as New York costs rise Finance heavyweights split operations, keeping core on Wall Street while scaling hiring in Texas and Florida to cut costs
