Fairfax County Loses Taxpayers, Virginia Less SoIn the above map, from howmoneywalks.com, Fairfax County is bright red because since 1993 taxpayers with Average Gross Income (AGI) totaling over $10 billion have left Fairfax County. Most have moved to neighboring Loudoun and Prince William counties, which are bright green. Counties in green have had a net gain of taxpayers. Meanwhile, between 2000 and 2011 the number of Fairfax County residents living in poverty increased 70 percent, from 43,396 to 73,794 (U.S. Census Bureau, 2000 Decennial Census and 2011 American Community Survey). The state of Virginia had a net loss of $1.60 billion in annual AGI. The breakdown for both Virginia and Fairfax County are shown below.
For more about this topic, read " How Money Walks: How $2 Trillion Moved Between the States, and Why It Matters" by Travis Brown. Also, the National Taxpayers Union has produced a 6-minute youtube video. |