IRS: Long Distance County-to-County Income Flow

[dimondpark]

I only selected county-to-county $100M+ AGI(adjusted gross income) that were out-of-state or out of Metro for multi-state metro areas. This is for 2022-2023(latest data available online), this is not complete, just the data I have calculated up to this point.

3 of these county-to-country pairings have an average return that is $700,000--the next two as far as average amts look like Manhattan-Palm Beach and SF-Austin, the very high average return from Contra Costa, CA to Harris, TX was Chevron workers before they moved their HQ to Houston---otherwise it looks like a lot of money flows to Florida, Maricopa AZ and Clark, NV

Total
Adjusted
Gross
Income
Leaving-----Average
County------Return----County of Income Origin & Destination County
$640.3M---$282,833--New York, NY to Los Angeles, CA
$547.4M---$215,805--Los Angeles, CA to New York, NY
$525.4M---$711,064--Cook, IL to Miami-Dade, FL
$521.4M---$87,206---Los Angeles, CA to Clark, NV
$516.7M---$357,633--New York, NY to Miami-Dade, FL
$424.3M---$578,148--New York, NY to Palm Beach, FL
$420.6M---$200,319--San Francisco, CA to Los Angeles, CA
$362.1M---$219,058--San Francisco, CA to New York, NY
$342.0M---$233,941--Santa Clara, CA to King, WA
$301.3M---$200,625--King, WA to Maricopa, AZ
$299.3M---$155,654--Cook, IL to New York, NY
$297.2M---$126,295--Los Angeles to Santa Clara, CA
$295.1M---$135,958--Santa Clara, CA to Los Angeles, CA
$289.2M---$122,394--Los Angeles, CA to King, WA
$282.2M---$79,246---Los Angeles, CA to Maricopa, AZ
$279.8M---$318,759--New York, NY to Cook, IL
$271.7M---$223,817--King, WA to Santa Clara, CA
$264.2M---$166,813--Santa Clara, CA to San Diego, CA
$261.5M---$712,615--Cook, IL to Collier, FL
$244.5M---$262,523--Cook, IL to Palm Beach, FL
$239.3M---$228,154--Los Angeles, CA to Miami-Dade, FL
$236.4M---$98,126---San Diego, CA to Maricopa, AZ
$235.9M---$293,407--New York, NY to San Francisco, CA
$233.7M---$127,247--Orange, CA to Clark, NV
$230.2M---$122,661--Los Angeles, CA to San Francisco, CA
$228.9M---$127,267--King, WA to Los Angeles, CA
$227.9M---$107,619--Alameda, CA to Los Angeles, CA
$226.6M---$114,334--Cook, IL to Los Angeles, CA
$223.8M---$131,830--Cook, IL to Maricopa, AZ
$208.8M---195,874---Cook, IL to Dallas, TX
$197.4M---$106,295--Orange, CA to Maricopa, AZ
$187.5M---$150,559--Suffolk, MA to New York, NY
$180.8M---$280,891--Santa Clara, CA to Travis, TX
$180.1M---$194,366--San Francisco, CA to San Diego, CA
$174.7M---$80,110---Maricopa, AZ to Los Angeles, CA
$171.7M---$194,055--San Francisco, CA to Kings, NY
$167.3M---$110,448--Santa Clara, CA to Sacramento, CA
$166.2M---$91,943---San Diego, CA to Clark, NV
$166.1M---$103,702--Los Angeles, CA to Kings, NY
$160.2M---$134,633--San Diego, CA to Santa Clara, CA
$160.0M---$143,903--King, WA to San Diego, CA
$153.0M---$166,684--King, WA to New York, NY
$151.5M---$95,163---Alameda, CA to Sacramento, CA
$150.6M---$124,478--Washington, DC to New York, NY
$150.3M---$95,795---Los Angeles, CA to Cook, IL
$146.6M---$492,016--San Francisco, CA to Travis, TX
$143.9M---$171,564--Santa Clara, CA to New York, NY
$143.2M---$311,982--New York, NY to San Diego, CA
$142.5M---$125,562--Los Angeles, CA to Tarrant, TX
$142.2M---$204,445--San Francisco, CA to King, WA
$141.6M---$179,355--King, WA to San Francisco, CA
$139.5M---$190,844--New York, NY to Suffolk, MA
$138.8M---$136,251--Alameda, CA to San Diego, CA
$137.3M---$227,354--Hennepin, MN to Maricopa, AZ
$136.5M---$80,050---Maricopa, AZ to San Diego, CA
$133.9M---$223,153--San Mateo, CA to San Diego, CA
$131.4M---$200,003--King, WA to Travis, TX
$129.4M---$117,916--Los Angeles, CA to Dallas, TX
$128.2M---$142,521--San Mateo, CA to Los Angeles, CA
$125.4M---$171,784--King, WA to Orange, CA
$124.9M---$262,523--Cook, IL to Broward, FL
$124.3M---$425,684--Contra Costa, CA to Harris, TX
$123.7M---$75,154---Los Angeles, CA to Harris, TX
$123.0M---$145,439--Alameda, CA to King, WA
$122.7M---$194,219--Santa Clara, CA to Clark, NV
$121.7M---$100,415--Middlesex, MA to New York, NY
$121.7M---$129,944--Orange, CA to King, WA
$120.7M---$126,558--Cook, IL to King, WA
$120.6M---$160,916--New York, NY to Washington, DC
$120.4M---$165,263--Alameda, CA to Orange, CA
$118.6M---$217,710--Dallas, TX to New York, NY
$118.4M---$176,461--Dallas, TX to Cook, IL
$117.2M---$182,945--New York, NY to Middlesex, MA
$116.3M---$174,214--Santa Clara, CA to Maricopa, AZ
$115.8M---$271,243--San Francisco, CA to Cook, IL
$114.1M---$169,644--Santa Clara, CA to Placer, CA
$111.4M---$753,297--Norfolk, MA to Palm Beach, FL
$110.0M---$198,019--San Francisco, CA to Orange, CA
$109.7M---$97,266---San Diego, CA to King, WA
$109.4M---$168,318--Contra Costa, CA to San Diego, CA
$109.3M---$124,685--New York, NY to Philadelphia, PA
$107.4B---$190,242--Travis, TX to King, WA
$107.5M---$292,203--Cook, IL to Lee, FL
$105.0M---$114,326--Orange, CA to Santa Clara, CA
$102.7M---$133,975--Cook, IL to Travis, TX
$101.6M---$137,335--Dallas, TX to Los Angeles, CA

Denver, CO, Harris, TX & Fulton, GA had no out-of-state, county-to-county outflow that was $100M+

https://www.irs.gov/statistics/soi-tax-stats-migration-data-2022-2023

[Docere]

What's the N for the Cook to Miami-Dade flow?

[iheartthed]

What does income leaving county mean? Is this payments from one entity to another?

[dimondpark]

Originally Posted by iheartthed

What does income leaving county mean? Is this payments from one entity to another?

This is income earned by jobs in one county by residents that live in another county.

For example,

$640.3M---$282,833--New York, NY to Los Angeles, CA

so, ^ the IRS says that $640M was earned in NY County by people that actually reside in LA County, and the average amt per income return filed was $282,833

[dimondpark]

Originally Posted by Docere

What's the N for the Cook to Miami-Dade flow?

Well, according to the IRS, 739 people who reside in Miami-Dade, FL earned income in Cook, IL and the total gross they earned was $525M, which comes out to $711,000 each.

[sentinel]

Originally Posted by dimondpark

Well, according to the IRS, 739 people who reside in Miami-Dade, FL earned income in Cook, IL and the total gross they earned was $525M, which comes out to $711,000 each.

But which is the primary residence? The first state/county, or the second one?
If the former, than what are you actually measuring? I'm confused..

[dave8721]

How do the income taxes work? If someone makes their money in Chicago or NYC but has their primary residence in Florida (no state income tax). For example someone has a job in Chicago but works remotely from Florida.

[dimondpark]

Originally Posted by sentinel

But which is the primary residence? The first state/county, or the second one?
If the former, than what are you actually measuring? I'm confused..

This is county outflow data, so the primary residence in this case is Miami.

[dimondpark]

Originally Posted by dave8721

How do the income taxes work? If someone makes their money in Chicago or NYC but has their primary residence in Florida (no state income tax). For example someone has a job in Chicago but works remotely from Florida.

good question, I don't know how state taxes are factored in this case but this is just the IRS' data for adjusted gross income for money earned in the outflow county by a tax filer that lives in another county, in this case, across the country or in another state.

[plinko]

The taxes are not figured in here. But it does tell you where high earners may choose to live (though I would suspect lots of little counties in Colorado and near Teton might be in this list).

That being said, state taxes in many states apply to where the work is. Case in point: Sam Darnold paid more in taxes to play in the Super Bowl last year than he earned by winning it. Why? Because it was in California.

[iheartthed]

Originally Posted by dave8721

How do the income taxes work? If someone makes their money in Chicago or NYC but has their primary residence in Florida (no state income tax). For example someone has a job in Chicago but works remotely from Florida.

Remote workers are taxed by their home state and local jurisdiction. If you're a remote worker living in Florida for a company based in NYC (or Chicago), you would not pay taxes to New York (or Chicago/Illinois).

[Chisouthside]

All the citadel staff that moved to miami still making a killing in chicago.

[dave8721]

Originally Posted by iheartthed

Remote workers are taxed by their home state and local jurisdiction. If you're a remote worker living in Florida for a company based in NYC (or Chicago), you would not pay taxes to New York (or Chicago/Illinois).

Would make sense that 4 of the top 6 are people who have jobs that make money in Chicago or NYC but they live in no income tax Florida or Nevada. And for residency, it is half the year+1 day right? So someone with a high paying NYC or Chicago job would just need to reside in their Florida vacation home for 183 days a year?

[iheartthed]

Originally Posted by dave8721

Would make sense that 4 of the top 6 are people who have jobs that make money in Chicago or NYC but they live in no income tax Florida or Nevada. And for residency, it is half the year+1 day right? So someone with a high paying NYC or Chicago job would just need to reside in their Florida vacation home for 183 days a year?

The data could also mostly be (maybe mostly is?) representing incomes of people who filed their tax return after moving to a different metro. That would be a good explanation for why there was such a huge movement from Cook, IL to Miami-Dade in 2022 - 2023, which coincides with Citadel's move to Miami.