Report says lower income taxpayers are leaving Vermont

MONTPELIER, Vt. (AP) — A report from Vermont legislators shows that low- and moderate-income taxpayers are leaving the state.

The Times Argus writes that the report used Internal Revenue Service data between 2011 and 2016 to look at Vermonters moving in and out of the state.

According to the report, there's been a net loss of more than 4,100 taxpayers, most of whom were earning less than $100,000. Many are between 45 and 64 and making between $25,000 and $75,000.

One tax official said there's been a net outflow of $97.7 million, but disagreed that more people have left the state as there's been an increase of more than 7,000 tax filers.

Legislators say they believe lower-income residents are leaving to seek higher wages, lower taxes, a lower cost of living and cheaper housing.


Information from: The Times Argus,