Tax refugees staging escape from New York
Submitted by xntryk1 on Tue, 10/27/2009 - 18:06
Posted: 2:53 AM, October 27, 2009
Tax refugees staging escape from New York
By ANDY SOLTIS, andy.soltis@nypost.com
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.
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.
A few years ago it was
A few years ago it was reported that basically the same thing had happened in NJ. We lost something like 900k middle class which were replaced with 500k or so lower class. Nothing against the lower class, but financially it was a disaster for NJ.
Anyhow...
This is EXACTLY what is supposed to be happening. Hopefully people are taking their money to States that deserve it and taking the money away from the bad States at the same time.
You know things are grim
You know things are grim when New Jersey starts seeming like the promised land.....
Escape From New York
Soon they will have to wall off the city just to keep people there. They could turn the whole city into a prison once they are done.
They could hire that Montana American Police Force of Russia to do the security.
This almost sounds like a movie plot, I should write a movie script based on this idea of New York City turned into a prison.
Why would anyone stay?
The place is a turgid cesspool, filled with liberals and oppressive taxes and laws.
Pretty soon, it will be just the leeches left, feeding on the other leeches.
They're feeding on us. New
They're feeding on us. New York is by far the biggest recipient of inflationary wealth transfers of any state, along with be far the biggest beneficiary from policies forcing all savings into the "financial system" to avoid them being eaten up by inflation. Were it not for that, New York City would be little different than that other great bastion of urban liberalism, Flint, Michigan.
Sickening that people are seen as nothing more than tax revenue.
:(
I remember when personnel
turned into human resources.
That very thought crossed my mind yesterday.
Funny you should say that.
More and more ways people are being dehumanized.
Cattle to be milked...
...and/or sheep to be shorn. And we know what eventually happens to both of them when they run out of milk and wool...
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"Let them protest all they want, as long as they pay their taxes.” ...credited to Al Haig, Ronald Reagan's Secretary of State.
http://groups.yahoo.com/group/liberty_outlook/
http://www.dailypaul.com/blog/11
Ron Paul = Red Pill
~~~~~~~~~~~~~~~~~~~~~~~~
"Let them protest all they want, as long as they pay their taxes.” ...credited to Al Haig, Ronald Reagan's Secretary of State.
http://groups.yahoo.com/group/liberty_outlook/
http://www.dailypaul.com/blog/1125
Ron Paul=Red Pill