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By New Yorkers for Growth · Thursday, May 17, 2012URGENT: New York's Tax Report Card
Dear Friends of Fiscal Responsibility,
Confirming your worst fears about being the last person left in New York State to pay the taxes before they have to turn the lights off, the website www.YourTaxCode.com
came out with a report card on each of the 50 states last month.
Evaluating states on Cumulative Wealth Change and Population Change between 1994 and 2009, there are few states which managed to lose more than $5 billion of wealth over those years and few states which managed to lose more than 100,000 in population.
But guess what? New York manages to be the absolute worst state by far on both measures:
- New York lost a whopping $59 billion in wealth over those years. The next nearest wealth losers -- California and Illinois -- lost roughly HALF that much.
- New York lost 780,000 people to other states. Again, the next nearest population losers -- California, Illinois, Michigan, and New Jersey -- lost less than HALF that many.
- Where did New Yorkers go? Since New York ranks 3rd worst in terms of tax burden per capita, there are many states that look good to New Yorkers. Apart from our immediate neighbors, which also have atrocious taxes, it's no surprise that at least 5 states with dramatically better tax burdens per capita show New Yorkers as their No. 1 source of new wealth: Florida (ranked 22nd), Ohio (28th), North Carolina (29th), Georgia (33rd), and South Carolina (50th). 17 states ranked in the better half of the nation for taxes show New Yorkers as a top 5 source of wealth.
Help us change New York. Let's stop the bleed before it's too late. If you can help New Yorkers for Growth with $250, $500, $1000 or $2500 to support candidates this election year who pledge to bring us sane tax policy and keep the lights on, PLEASE DONATE HERE
New Yorkers for Growth