Escape From New York
By Mitch Berg
New Yorkers are hitting the exits. And it’s over taxes. They’re leaving in six-digit box lots…
…and they’re leaving over taxes!
What’s worse is that the families fleeing New York are being replaced by lower-income newcomers, who consequently pay less in taxes.
Overall, the ex-New Yorkers earn about 13 percent more than those who moved into the state, the study found…It all adds up to staggering loss in taxable income. During 2006-2007, the “migration flow” out of New York to other states amounted to a loss of $4.3 billion.
And they’re moving…to low tax states!
While New York City and the state were the losers, the Sunshine and Garden States were winners. more than 250,000 New Yorkers who lived in and around the city fled to Florida.
Hm. That’d be a red state, wouldn’t it?
October 28th, 2009 at 9:22 am
Hm. That’d be a red state, wouldn’t it?
Florida? Normally, yes. But not in 2008.
October 28th, 2009 at 10:45 am
Who knew there were so many conservatives left in NY. Because surely any self-respecting lib would be proud to remain behind and fork over their dough/broad-based contributions for the good of the state/State.