Surprise! Higher Income Earners Bailing Out Of New York For Lower Taxes

October 27th, 2009 (11) Posted By Hardball1911.

sky-diving
By ANDY SOLTIS
New York Post
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.

The study used annual US Census reports, which showed which states had increased population, combined with Internal Revenue Service data, which show which states, cities and counties had lost people.

While New York City and the state were the losers, the Sunshine and Garden States were winners. more than 250,000 New Yorkers who lived in and around the city fled to Florida. Another 172,000 city taxpayers ended up in New Jersey.

Why all the moving vans?

The center, part of the conservative Manhattan Institute, blames the state’s high cost of living and high taxes.

The study also revealed surprising details about how city residents moved from borough to borough.

Manhattan lost 64,480 taxpayers, and more than half — 34,383 — went to The Bronx.

Brooklyn lost 68,951 taxpayers — including 43,688 who went to Staten Island.

The study also had some good news. The peak loss of New Yorkers was in 2005, when nearly 250,000 residents left the state. But last year, only 126,000 left, the lowest figure over the eight-year period.

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  • http://none WWTD

    Rome’s burnin…This will happen in all big cities.
    So goes the freebies of the feeders.

    • SgtJenz

      :beer:
      When the looters run out of people to tax to feed the moochers there will be riots.

    • cold soldier

      When one of these third world countries that has obtained nukes (thanks obambi) decides to shoot one at us where do you think its going? Not the back woods. It’ll go right to one of those parasite filled cities….problem solved :mrgreen:

    • brityank

      Stand by for the larger cities to start taxing their “Metropolitan Statistical Area” – the suburbs – to maintain their life-style. Some already do that through local income taxes and extra fees, but it will get worse as the producers leave the looters.

  • Nanny

    My daughter just returned from Iraq and her husband will be home in January. They currently live in California and are looking to move to Texas or Montana. They cannot stand the illegals, taxes and fruit cakes in California anymore. Plus they are both gun enthusiasts and want to go somewhere gun friendly. All these cities and states run by the liberals are all losing the tax base because people who work and pay taxes are tired of supporting those who won’t work and pay taxes and they are tired of their tax dollars being spent on bull shit!!!

    • Xavier

      We can only run away from the ‘liberal’ problem so long. Eventually we will have to confront this ideology which spreads like the cancer it is.

    • Bobby E

      Xavier’s right. All the larger cities are going to do is force, through the state legislative bodies, the city tax burden on others throughout the state. Then, as alluded to above, there will be riots. But, it’s going to be the other way around … it’ll be the taxpayers rioting their state legislators. That’s basically what we have brewing now on a national level.

  • USNA1985

    Well invariably what will happen, is that these idiots who voted the tax hikers in in New York, will do the same thing in Florida. The they will wonder, Gee how did our taxes get so high. F’ing morons!!!

  • Eric

    We have become a nation where 50% of people pay little or no tax and either don’t work (unemployed , on welfare or retired or illegal) and expect those working to give them “free”, “from the government” healthcare, housing, foodstamps etc. Someone has to pay for it and it’s not the government it is everyone else who pays taxes. Those who pay eventually get smart enough to structure their assets so they too pay little tax. (shameless plug) That’s what I do; help affluent and wealthy and/or business owners in WA restructure their assets to minimize tax bite.
    eric@insurepro.info

  • the friendly grizzly

    Eric: you left out the ones who work in non-essential civil service jobs, who are a net tax drain.

  • josephus

    Yup, I left NY. Have never voted Dem or for a tax hike in my life. But I left.
    Life is much cheaper where I live now and I actually got a raise to boot!
    Screw NY state.
    Although you gotta love Patterson mouthing off to Obama. He’s a buffoon, but at least he’s not taking The Supreme Leader’s crap.