Taxpayers who feel they’re overburdened by New York’s high cost of living and incredibly high taxes are leaving the state for greener pastures, a new study finds.
The New York Post reports:
Taxpayers are fleeing New York in droves
Taxpaying New Yorkers are leaving in droves for other states, according to a new study.
In 2014, 126,000 New York tax filers fled to other places in the United States — more than from any other state, according to the study posted on newgeography.com by two demographers.
The Empire State also lost the most “high earners,” who reported incomes of more than $200,000 a year.
“New York has been leading the nation in domestic migration for decades,” Wendell Cox, who co-authored the study, told the Albany Times Union.
While New York’s population is still growing, in part because of immigration, many residents are leaving for other states because of high property taxes, a lack of business opportunities and unaffordable homes, Cox said.
“The property taxes are bad, but they are on top of an even worse situation in terms of affordability,” he said.
In an interview Thursday with Post columnist Fredric U. Dicker on Albany radio, GOP presidential nominee Donald Trump trashed the upstate economy.
“Hillary [Clinton], when she was senator, said she would bring back your jobs,” Trump said.
“She did nothing. It was such lies. All these places are dying. It turned out to be a total lie. Jobs have fled. It’s death zones.”
When it comes to paying high taxes in New York, Donald Trump speaks from experience!