Rich New Yorkers move to other states to get away from taxes

Rich New Yorkers are thinking of moving from the Big Apple to states like Florida and Texas, where they can save up to 15 percent of their salary, said NYC Partnership president Kathy Wilde.

Фото: Depositphotos

With this outcome, New York runs the risk of losing its main talent, Wilde told the radio station "The cat's roundtable»John Katsimatidis.

“There is a big problem,” she said of a new federal tax change that reduces certain property deductions.

“If you pay city, federal and state taxes in New York, when you move to Florida you don't pay state or city income taxes, so your income increases by 14-15%,” she said.

In her words, taxpayers from New York are burdened with huge infrastructure costs, such as 20 billions of dollars a year for the launch of the MTA.

Recall that the Tax Service announced 17 will expire on April this year, so taxpayers have two additional days to file bids.

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