NYP: California’s population plummets for first time since the pandemic—as LA sees staggering exodus

Attorney and CPA Chad D. Cummings presents this powerful presentation on California's latest population decline, with the state losing 54,000 residents and recording its first overall drop since the pandemic as of January 2026. Los Angeles County alone saw 64,000 people leave in 2025, while those who departed are now saving an average of 672 dollars per month in housing costs and are 48 percent more likely to own a home within seven years. This presentation reveals the full picture, including California's 13.3 percent top marginal income tax rate, high property taxes, and crushing cost of living driving higher income residents and business owners out of the state. Meanwhile Florida continues to gain tens of thousands of high earning filers and billions in adjusted gross income thanks to zero state income tax and a far more favorable business environment. Learn exactly how California business owners can use redomestication to move their company to Florida or Texas without creating a new entity, without dissolution, and on a completely tax free basis while preserving their FEIN, contracts, credit history, and bank accounts. If you own a business in California and the numbers no longer add up, this presentation shows you the proven path to protect your future. Learn more: https://www.cummings.law/redomestication/