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. The average Manhattan taxpayer who left the state earned $93,264 a year. The average newcomer to Manhattan earned only $72,726. That’s a difference of $20,538, the highest for any county in the state. Staten Island was second, with a $20,066 difference.
For the idiots who think we aren’t taxed enough… please, feel free to ante up.
It costs alot to run a police state/city.
A quote attributed to Margaret Thatcher:
“The problem with socialism is that eventually you run out of other people’s money [to spend].”
Escape from the USA is already happening…smart idea of Obama…run off the rich lest they invest in business and hire people…very smart.
#42, Alphie,
Why are you quoting someone democratically elected? You do prefer dictators.
… smart idea of Obama…run off the rich lest they invest in business and hire people…very smart.
I guess you think someone should hire you? What chair could hold your butt?
I read a lot of posts in this blog made by mindless individuals who are only interested in fixing political blame, meanwhile the problems go unsolved. No new perspectives, no intelligent proposals, just mindless bullshit. Just like the politicians they seem to be obsessing on. It’s not gonna be fun when the shitstorms begin, and these people are going to be a serious obstacle to getting things done when they do.
Interesting #44, please enlighten us. Care to share your solution?
New York had for 2007 a 6.85% top tax rate, vs 3% in Pennsylvania, 5.3% in Mass, 8.97% in NJ, 5.95% in Delaware, and 5.0% in Connecticut.
Then Paterson raised rates on the rich.
Mick Jagger said it best—
Don’t you know the crime rate is going up, up, up, up, up
To live in this town you must be tough, tough, tough, tough, tough!
You got rats on the west side
Bed bugs uptown
What a mess this town’s in tatters I’ve been shattered
My brain’s been battered, splattered all over Manhattan
Uh-huh, this town’s full of money grabbers
Go ahead, bite the Big Apple, don’t mind the maggots…
Shadoobie, shattered, shattered.
#47 – amodedoma,
You haven’t been here since the 70s, have you? Things are quite a bit different now. We also have the lowest crime rate of any major city in the U.S.
But, don’t tell anyone. We’ve got enough new people moving in, despite this stupid NY Post article. Want to read about sports? Read the Post. Want to read news? Try the Times. The Times isn’t perfect, of course. But, the Post is a rag.