Rhode Island’s Income Flees to Florida

As a follow-up to my previous blog on Rhode Island’s Taxpayer Fleeing the State, the chart below shows the gross in- and out-migration of income from Rhode Island to Florida.  Naturally, there are critics of the study, but no one has yet to address this smoking gun.  If the estate tax has nothing to do with the out-migration of income to Florida, then what explains the sudden surge in 2004?  Did the weather suddenly get better in Florida or worse in Rhode Island?

Rhode Island Income Flees to Florida