04-27-2021, 10:59 AM
vision63 wrote:
We should re-do the entire Census process considering the hijinks of the previous administration designed to influence the outcomes.
If we did, NY and California might loose another. The exodus out of California and NY has increased. The wealthy are leaving before the new personal income tax increases go into effect. In NY, a lot of the wealthy have left in the last few months. Look at what has happened to home sales in the nicer parts of Florida. Prices have skyrocketed. Same has happened in parts of Texas.
Many of my colleagues have moved out of the 5 boroughs to places that are cheaper to live and have lower income tax rates.
The trend is continuing as people are looking to take their capital gains now before the expected significant increase. NYC is looking at a significant short fall in personal income tax revenue. The trickle down is going to be bad.