New Internal Revenue Service migration data show Texas continuing to consolidate its position as a rising US economic powerhouse, with billions of dollars in taxpayer wealth flowing into the state even as traditionally dominant states such as New York and California haemorrhage residents and income. The figures reinforce a longer-term pattern of businesses, executives and individual taxpayers relocating from high-tax, high-cost states to Texas, which is often cited for its lower costs, absence of state income tax and robust supply chains.

According to the IRS data, Texas gained a net $5 billion in taxpayer income through interstate migration, while New York and California recorded substantial losses over the same period. Census Bureau figures cited in the article indicate that Texas's largest metropolitan areas continue to expand, underscoring the state's growing pull for both residents and companies relocating from more expensive coastal states.