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New York Tax-Paying Residents Were Moving Out Even Before Covid

May 23, 2022, 12:08 PM

Even before Covid-19 hit, the state of New York was facing an outflow of tax-paying residents.

The state had an average annual net out-migration of 28,700 part-year residents, or 0.3% of taxpayers, between 2015 and 2019, according to a report from New York State Comptroller Thomas P. DiNapoli. That means the state lost roughly 115,000 tax filers during the period, in a trend that’s likely to have continued after the pandemic with the rise of remote working.

Families looking for more space and wealthy individuals trying to save on taxes are leaving the state, which is among the most ...