It’s not the high taxes that are driving New Yorkers out of the Empire State — it’s the high cost of housing, according to a new report on out-of-state moves by
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yes we know people are leaving NYC for suburbs cheaper larger Homes, less crime,better schools. BUT separately RICH NY’ers are leaving NYC & NYS because of high taxes is the BIGGER issue They represent < 1% of population but comprise almost 50% of tax revenue!
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I really believe most New Yorkers don't realize who's paying for everything.
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They should raise taxes and make housing free i guess
Add to that high taxes on top of lousy services and a government that gets things wrong so often
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Now, David, what expenses are factored into a rent?
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Among other things: not many households are directly paying the state corporate income tax, on which the calculations (using DOB's Table 6 series) are based.
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