Skip to content

New York And New Jersey Lose Hundreds Of Billions In Income Migration

Photo by Alexander Grey / Unsplash

IRS migration data show that since 2012, New York has recorded more than $500 billion in cumulative adjusted gross income losses as residents moved to other states, while New Jersey’s losses approach $170 billion. The sustained outflow of both people and income underscores a long-term shift in population and tax base away from parts of the Northeast.

Comments

Latest

It’s Time To Save Standard Time

It’s Time To Save Standard Time

The debate is not whether to stop changing the clocks every March and November. Most people, including members of Congress and Secretary of State Marco Rubio, despise the biannual switch. It’s which “version” of time to keep.

Members Public