Escape From New York? High-Taxing Empire State Loses 3.4 Million Residents In 10yrs

Discussion in 'Politics' started by paulitician, May 29, 2012.

  1. paulitician
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    paulitician Platinum Member Supporting Member

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    New York State accounted for the biggest migration exodus of any state in the nation between 2000 and 2010, with 3.4 million residents leaving over that period, according to the Tax Foundation.

    Over that decade the state gained 2.1 million, so net migration amounted to 1.3 million, representing a loss of $45.6 billion in income.

    Where are they escaping to? The Tax Foundation found that more than 600,000 New York residents moved to Florida over the decade – opting perhaps for the Sunshine State’s more lenient tax system – taking nearly $20 billion in adjusted growth income with them.

    Over that same time period, 208,794 Pennsylvanians moved to Florida, taking $8 billion in income.

    “Many of these New York and Pennsylvania residents no doubt moved to Florida for the warm weather,” says the foundation, a nonpartisan research group. “ut many more may have moved there because the state does not have an individual income tax, an estate tax, nor an inheritance tax.”

    The Tax Foundation has created a “migration calculator” based on data from the Internal Revenue Service, tabulating the number of individuals moving between states each year, and income affected by the shifts.

    The calculator shows that 612,520 people renounced their citizenship in New York State and moved to Florida in the 10-year period, taking with them $19.7 billion in adjusted growth income.

    Between 2009 and 2010 alone, 40,195 New York residents moved to Florida, taking $1.3 billion in income.

    According to the group, New York ranked second among the states for the highest state and local tax burden in 2009. The Empire State was ranked highest for tax burden every year from 1977 until 2006, except in 1984 when it was ranked second...

    More:
    Escape From New York? High-Taxing Empire State Loses 3.4 Million Residents in 10 Years | CNSNews.com
    DRUDGE REPORT 2012®
     
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  2. clevergirl
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    clevergirl Gold Member

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    This what happened to CA business as well. The companies leave and the people follow.
     
  3. Truthseeker420
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    Truthseeker420 Gold Member

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    After 30 years of Reaganomics only the rich can afford to live in NYC.
     
  4. blastoff
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    blastoff Undocumented Reg. User

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    So the net loss was 1.3 million people over 10 years. Wonder how much higher it'll be the next ten with so many boomers retiring during the period and not wanting to stick around to be fleeced by the lefties?
     
  5. The Rabbi
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    The Rabbi Diamond Member

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    It's actually Clintonomics, you stupid troll. Go smoke some more 420 and maybe you'll see the truth.
     
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  6. GHook93
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    GHook93 Aristotle

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    States like NY, CA and IL ignored Reagon economics you fucking moron! And these people are necessarily leaving the country they are going to more business and job friendly states,

    Why don't you point down the bong for a minute and get a job! It's not our responsibility to pay for you!
     
  7. The T
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    The T George S. Patton Party Supporting Member

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    Think the Blue State Statists see the err of thier ways? Driving out people through high stifiling taxation? How long before taxes go up more on those that couldn't or wouldn't leave?

    No wonder Blue States by and large are shitholes?
     
  8. NYcarbineer
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    NYcarbineer Diamond Member

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    My niece graduated from college this year and promptly moved to Tampa,

    because she hates NY winters.

    :lol::lol::lol:
     
  9. NYcarbineer
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    NYcarbineer Diamond Member

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    Do they exclude the retirees in NY who move to Florida, without any regard for tax issues?
     
  10. edthecynic
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    edthecynic Censored for Cynicism

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    Of course not! That would require honesty, a characteristic not found in CON$ervoFascists. Florida is the favorite retirement local for New Yorkers.
     

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