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by ang_cire
19 days ago
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You're wrong. There is no wealth-tax based mass migration of the wealthy from NYC to Florida. 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. |
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