Since officially moving to Florida in May, former Maryland resident Constance Kihm said she has met numerous other former residents of the Free State. They all have their reasons for moving, but hers came down to getting away from higher taxes and from policies she couldn’t stomach.
“Real estate agents I’ve talked with say the exodus from Maryland is astonishing,” Kihm said.
A new book, “How Money Walks” by Travis H. Brown, backs up the anecdotal evidence. Looking at IRS and Census Bureau data, Brown and his team determined that Maryland lost a little more than $7 billion in adjusted gross income due to residents moving away between 1992 and 2010.