New York Chasing Rich Tax "Deadbeats" To Other States

Remember that constant drum from the left that the super rich don't pay any taxes? Well, New York State (and of course California too) has come up with a solution to get rid of those tax deadbeats - chase them out of town and let these rich tax deadbeats move to Florida, Texas, and Arizona. Only trouble is, those super rich tax deadbeats aren't really deadbeats after all and pay most of the state's income taxes collected and now those taxes will be collected in other states and not New York (and California). The rich will now be paying their fair share in red states.

For perspective, the 41,000 filers in the city’s top 1% pay more than 40% of all its income taxes. The 450,000 filers in the top 10% pay about two-thirds of all income taxes.

In other words, the remaining 90% of taxpayers contribute about one-third of the city’s income tax revenue.

https://finance.yahoo.com/news/supe...billionaire-143000107.html?fr=sycsrp_catchall

 

The top 1% income level people pay 50% of the income tax receipts in California.
But as you know they are not paying their fair share!
In California it’s the smaller business, the middle and working classes that are fleeing even more than the 1% are.