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Fox NY Anchor Says Big Earners Are ‘Already Leaving’ NYC And Mamdani Is ‘Going to Have a Reality Check’
The Tax Foundation says the top 1% pay about 45% of New York state income taxes, making the state highly dependent on wealthy residents.
- A CBC study reports New York is losing population to other states, with Florida and Texas among the top destinations for departing residents and their high incomes.
- The Empire State collects $12,495 in per capita state and local taxes, 78% above the national average, creating an environment the Tax Foundation ranks as dead last for competitiveness.
- New York's declining share of millionaires cost the state roughly $10.7 billion in lost tax revenue for 2022, while the top 1% of earners pay about 45% of all income taxes.
- Local Fox anchor Rosanna Scotto says New York City Mayor Zohran Mamdani is due for a "reality check" when it comes to top earners fleeing; he advocates for taxing secondary homes worth more than $5 million.
- Experts warn New York must course-correct to remain attractive to businesses and high earners, as the state will struggle to maintain funding for social programs without necessary tax structure reforms.
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Study says New York losing thousands of wealthy residents and billions in income · American Wire News
The slow creep of communism has increasingly looked like “Atlas Shrugged” as a new report quantified the billions in tax revenue lost to New York amid denials from Gotham’s mayor. Coupling calls for reparations with entitlement programs for illegal aliens at the same time funds are cut for first responders, and taxes are hiked, leftists appear to be constantly outdoing one another in their race to the bottom. Monday, the Citizens Budget Commissi…
Study: New York loses millionaires and almost 11 billion dollars in tax revenues. Warning signal for German tax plans.
·Berlin, Germany
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Total News Sources11
Leaning Left1Leaning Right10Center0Last UpdatedBias Distribution91% Right
Bias Distribution
- 91% of the sources lean Right
91% Right
R 91%
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