WHOA! New York loses $19.5 billion in population exodus, IRS confirms

New York’s Democrat politicians implemented some of the most draconian COVID lockdowns in America. Combined with policies that prevent economic growth, increase living costs, and increase crime, it’s no wonder why tens of thousands are fleeing the once great Empire State. The Democrats want to take policies that have ruined New York national.

Related: New Analysis Details Enormous Economic Consequences as Earners Flee Blue States for Red

New York loses $19.5 billion in population exodus, IRS confirms

By The Center Square, May 31, 2022

(The Center Square) – The Internal Revenue Service this week released more troubling data for New York, with the federal agency showing more high-earning taxpayers leaving the state.

Tracking returns filed in 2019 and 2020 showed that 479,826 people left New York for another state or country in those years. Over the same timeframe, just 231,439 people moved to the state. That means the state suffered a net loss of 248,387 residents.

And, of course, those people took their money with them. The IRS figures show the moves generated an economic exodus of more than $19.5 billion.