The surfboards are being replaced with the longhorns.
According to IRS migration data, which uses individual income tax returns to record year-to-year address changes, over 250,000 California residents moved out of the state between 2013 and 2014, the latest period for which data was available. The tax returns reported more than $21 billion in adjusted gross income to the IRS.
Of the returns, 33,626 reported address changes from California to Texas, which has been the top destination for individuals leaving California since 2007. Californians who moved to Texas between 2013 and 2014 reported $2.19 billion in adjusted gross income.
The number of returns showing address changes from California to Texas hasn’t been this high since the period 2006-07. During that period, 34,078 returns were filed showing address changes to Texas.
Fewer Texans moved to California during the 2013-14 period. The IRS reported 21,391 returns with address changes from Texas to California. The returns reported $1.56 billion in adjusted gross income.
Story via FreeBeacon.com