Almost half of one percent of New York’s most productive people–about 40,000 individuals–fled the Empire State last year due to the State’s heavy taxes and regulations. High-tax neighbors Connecticut and New Jersey have also seen their residents flee.
Many move to lower-tax states such as Florida, Texas and Nevada. Many are also climate refugees seeking warmer weather.
“[T]hose with incomes between $50,000 . . . and $150,000 or more, made up the highest proportion of move-outs.”
