With the ongoing debates among legislators in New Jersey and several other states over the potential effects of raising taxes on the wealthy, Planet Money's Robert Smith and Chana Joffe-Walt decided to "track the migration patterns of millionaires."  In the most recent Planet Money podcast, Smith and Joffe-Walt examine some research that suggests that increasing taxes on the wealthy has very little impact on whether they choose to stay in a state or not.  Take a listen:

We found the study Planet Money cited on migration patterns in New England particularly interesting.  New England provides an interesting case study, with relatively small states with some rather distinct tax policy differences (the New Hampshire to Vermont, and Massachusetts to New Hampshire comparisons especially).  Click here to read The Impact of Taxes on Migration in New England from Jeffrey Thompson of the Political Economy Research Institute at UMASS Amherst.