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NEWS AND VIEWS THAT IMPACT LIMITED CONSTITUTIONAL GOVERNMENT

"There is danger from all men. The only maxim of a free government ought to be to trust no man living with
power to endanger the public liberty." - - - - John Adams

Wednesday, May 30, 2012

Escape from New York

Taxpayers and job creators are escaping from New York.


Liberalism in Action  -  Over 3,400,000 New Yorkers flee the high tax state.
  • Insanity  -  Like California, New York imports poverty from other nations and exports job creators and wealth.
  • The idiots from both parties support the bi-partisan Marxist Big Government State.

New York has been running out of tax money simply because the state's greatest export is sending the producers, job creators and taxpayers to other states.

The GOP is a failure  -  Liberal Republicans have controlled the Governorship of the Empire State until 2006.  Except for a couple tiny, short periods the GOP has controlled the State Senate since 1939.  The Republicans need only look in the mirror to see their failure.  Being copycat Socialists is not the path to wealth and freedom.

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.
Over that decade the state gained 2.1 million, so net migration amounted to 1.3 million, representing a loss of $45.6 billion in income reports CNS News.
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.

Over that same time period, 208,794 Pennsylvanians moved to Florida, taking $8 billion in income.

“Many of these New York and Pennsylvania residents no doubt moved to Florida for the warm weather,” says the foundation, a nonpartisan research group. 

“[B]ut many more may have moved there because the state does not have an individual income tax, an estate tax, nor an inheritance tax.”
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The Tax Foundation has created a “migration calculator” based on data from the Internal Revenue Service, tabulating the number of individuals moving between states each year, and income affected by the shifts.
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The calculator shows that 612,520 people renounced their citizenship in New York State and moved to Florida in the 10-year period, taking with them $19.7 billion in adjusted growth income.
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Between 2009 and 2010 alone, 40,195 New York residents moved to Florida, taking $1.3 billion in income.        (CNS News)

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