Tax Foundation: Total State Tax Collections per Capita

Attorney and CPA Chad D. Cummings presents this powerful presentation on the Tax Foundation's 2026 Facts and Figures report showing state tax collections per capita for fiscal year 2024. While tax rates get most of the attention, the amount each state actually collects per person reveals the true burden. California collects $6,754 per person. Florida collects just $2,726. New York takes $6,000 while Texas takes $2,816. That gap means thousands of dollars more extracted from every resident and business owner every single year in high collection states. This presentation explains why per capita collections are a far better indicator of fiscal pressure than any single tax rate, how these high collection states are driving away people and businesses, and why redomestication to Florida or Texas can dramatically reduce your overall state tax exposure. Learn how to properly move your company while addressing tax nexus and coordinating with your CPA to avoid costly mistakes. If you own a business in a high tax collection state, this data shows exactly why the cost of staying is rising every year. Learn more: https://www.cummings.law/redomestication/