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by Vaslo
15 days ago
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Your example about New York and Florida is a terrible one because it’s true statement. Why would you use that example? Are you saying it’s not true (demonstrably true with residential data)? Or are you saying it’s happening but not to the extent that the fear-mongerers express it? |
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1) https://fiscalpolicy.org/wp-content/uploads/2025/10/20251009...
> As we get more data on the post-pandemic period, we increase our knowledge of the major upheavals that took place in New York between 2020 and 2022. Despite the state suffering a deep recession and massive out-migration during the pandemic, data show that New York’s tax base remains resilient. When taxes on millionaire earners were raised in 2021, tax revenue to the state increased by an estimated $3.6 billion and there was no detectable increase in high earner out-migration.