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Thread: Escape from New York: The Rich Fleeing at an Alarming Rate over High Taxes

  1. #1

    Escape from New York: The Rich Fleeing at an Alarming Rate over High Taxes

    Tax refugees staging escape from New York


    New York Post
    October 27, 2009


    New Yorkers are fleeing the state and city in alarming numbers -- and costing a fortune in lost tax dollars, a new study shows.

    More than 1.5 million state residents left for other parts of the United States from 2000 to 2008, according to the report from the Empire Center for New York State Policy. It was the biggest out-of-state migration in the country.

    The vast majority of the migrants, 1.1 million, were former residents of New York City -- meaning one out of seven city taxpayers moved out.

    "The Empire State is being drained of an invaluable resource -- people," the report said.

    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.

    And it should be no surprise that the city -- and Manhattan in particular -- suffered the biggest loss in terms of taxable income.
    ...


    Full Story:
    http://www.nypost.com/p/news/local/t...1UXIc0i6cd3UpK
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  3. #2
    Just opened up my paystub on ADP IPAY, and right now of my gross earned, I have paid out/withheld 38.61% of what I earned to the State.

    20.98% to Federal Income Tax
    6.28% to Social Security
    1.47% to Medicare
    6.31% to State of New York
    3.57% to New York City

    NYC is Tax Hell.
    "Your mother's dead, before long I'll be dead, and you...and your brother and your sister and all of her children, all of us dead, all of us..rotting in the ground. It's the family name that lives on. It's all that lives on. Not your personal glory, not your honor, but family." - Tywin Lannister


  4. #3
    You know what else about cities and states, it is a lot easier for them to say "well we ONLY ask for 3.6%...let's just make it 4.0%...it's not that much more."

    Legalized theft.
    "Your mother's dead, before long I'll be dead, and you...and your brother and your sister and all of her children, all of us dead, all of us..rotting in the ground. It's the family name that lives on. It's all that lives on. Not your personal glory, not your honor, but family." - Tywin Lannister


  5. #4
    Which is one reason why a ton of them are heading to Texas... no state income tax.
    Quote Originally Posted by me3 View Post
    Sounds like you guys are guilty of conspiracy to commit Liberty.

  6. #5
    Quote Originally Posted by jsu718 View Post
    Which is one reason why a ton of them are heading to Texas... no state income tax.
    You know what's really funny. I saw a report on the best cities to weather the recession. The state with the most cities... Texas.

    http://images.businessweek.com/ss/09...mies/index.htm
    Libertarians - trying to improve the world through ideas and free markets rather than legislation and prisons.

  7. #6
    They can come here to New Hampshire if they want. Only problem is they bring their socialist way of thinking. And restart the hellish circle that they dont want to pay for and left in NY because of.



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