High Taxes Trigger New York Exodus

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Nearly 3.5 million New Yorkers moved out of their state between 2000 and 2010. Apparently one of the reasons for the exodus was high taxes.
The Tax Foundation found that more than 600,000 residents moved to Florida -- a warmer state with fewer taxes.

"Many of these New York and Pennsylvania residents no doubt moved to Florida for the warm weather," says the foundation, a nonpartisan research group.

"But many more may have moved there because the state does not have an individual income tax, an estate tax, nor an inheritance tax."    

Meanwhile, CNS News reports that people have also been moving out of California, another high tax state. Many of those residents relocated states like Texas and Arizona, where taxes are lower.

Related Link:

The Tax Foundation

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