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Friday, September 16, 2016

Taxpayers are fleeing New York in droves

Taxpaying New Yorkers are leaving in droves for other states, according to a new study.

In 2014, 126,000 New York tax filers fled to other places in the United States — more than from any other state, according to the study posted on newgeography.com by two demographers.

The Empire State also lost the most “high earners,” who reported incomes of more than $200,000 a year.

“New York has been leading the nation in domestic migration for decades,” Wendell Cox, who co-authored the study, told the Albany Times Union.

While New York’s population is still growing, in part because of immigration, many residents are leaving for other states because of high property taxes, a lack of business opportunities and unaffordable homes, Cox said.

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6 comments:

Anonymous said...

They are all moving to North Carolina and Florida where the taxes are cheaper. Funny how they move to the conservative states....the problem is they still vote the same and turn a once red state blue. Then complain when the taxes go up there!.

Anonymous said...

Here they come!

Anonymous said...

Take this down to the lowest common denominator tax-wise...
Cigarettes per (same) carton:
NEW YORK - $139.00
VIRGINIA - $ 34.00
The State of New York sells NO cigarettes compared to other states. They are either purchased across the state line or on an Indian reservation.
Stupid policy. (Stupid habit, too!)

Anonymous said...

Happened here in MD - starting to get a little better - but the rest of us can't leave as we are chained to our un-sellable homes!

Anonymous said...

I would say from New England to the Mid Atlantic states. High taxes and lack of opportunity are driving people away. I have relatives who have left here and are now living happily in Both Florida and North Carolina. I plan to retire in NC myself when I reach retirement age. I can sell my house here and live cheaper and have a better home and quality of life in the south.

Anonymous said...

Who the heck wants to move to FL ?
It's hot enough here in MD !!