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High earners who left DC during pandemic cost city $3 billion in tax revenue, data reveals [View all]
High earners who left DC during pandemic cost city $3 billion in tax revenue, data reveals
Kyle Cooper | kcooper@wtop.com
September 21, 2023, 9:40 AM
About 31,000 people left D.C. during the pandemic and it cost the city a lot of money.
The District lost about $3 billion in tax revenue by people moving out. Many of them earned $100,000 to $200,000 a year. An analysis, released by the city using IRS data, showed many of those who left are between the ages of 26 and 44, and they took their money to the suburbs.
Many who left ended up in the close-in suburbs of Alexandria and Arlington and other parts of Northern Virginia. But the top destination for D.C. residents who left was Prince George’s County.
{snip}
Kyle Cooper
Weekend and fill-in anchor Kyle Cooper has been with WTOP since 1992. Over those 25 years, Kyle has worked as a street reporter, editor and anchor. Prior to WTOP, Kyle worked at several radio stations in Indiana and at the Indianapolis Star Newspaper.
kcooper@wtop.com
Kyle Cooper | kcooper@wtop.com
September 21, 2023, 9:40 AM
About 31,000 people left D.C. during the pandemic and it cost the city a lot of money.
The District lost about $3 billion in tax revenue by people moving out. Many of them earned $100,000 to $200,000 a year. An analysis, released by the city using IRS data, showed many of those who left are between the ages of 26 and 44, and they took their money to the suburbs.
Many who left ended up in the close-in suburbs of Alexandria and Arlington and other parts of Northern Virginia. But the top destination for D.C. residents who left was Prince George’s County.
{snip}
Kyle Cooper
Weekend and fill-in anchor Kyle Cooper has been with WTOP since 1992. Over those 25 years, Kyle has worked as a street reporter, editor and anchor. Prior to WTOP, Kyle worked at several radio stations in Indiana and at the Indianapolis Star Newspaper.
kcooper@wtop.com
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