New York Loses, Again

Having just flown back from a wonderful four-day mini vacation in North Carolina yesterday, I was particularly interested in this CNS article.

New York State accounted for the biggest migration exodus of any state in the nation between 2000 and 2010, with 3.4 million residents leaving over that period, according to the Tax Foundation.

Knowing that the state had already lost two Congressional seats, this came as no surprise.

Where are they escaping to? The Tax Foundation found that more than 600,000 New York residents moved to Florida over the decade – opting perhaps for the Sunshine State’s more lenient tax system – taking nearly $20 billion in adjusted growth income with them.

Using the NYS tax rate of 6.85%, that's $1.3 billion that NYS politicians didn't get to piss away.

To see where NYS refugees have settled, go here.This is a migration calculator assembled by the Tax Foundation to show migration between the states and how much income they took when they moved. In ten years (2001-2010) North Carolina received 185,000 refugees from NY and realized $4.5 billion in additional Adjusted Gross Income (AGI).