Pew: Tax Revenue Trends

Attorney and CPA Chad D. Cummings presents this timely update on a major fiscal warning for business owners. According to The Pew Charitable Trusts, forty states ended fiscal 2025 with tax revenue below their 15-year inflation-adjusted trends, marking the first back-to-back real revenue declines outside of a recession in at least fifty years. With structural budget gaps widening, states are under increasing pressure to raise taxes, broaden the tax base, or create new levies. This presentation breaks down what these shortfalls mean for business owners in high-tax states and why redomestication to Florida or Texas offers a proven way to reduce exposure. The process legally transfers your company’s domicile without creating a new entity, without dissolution, and without federal tax consequences, while preserving your FEIN, contracts, credit history, and bank accounts. If your business is domiciled in one of the forty states now running below trend, the coming tax increases are not theoretical. Learn more: https://www.cummings.law/redomestication/