Welcome home, fellow Gator.

The Gator Nation's oldest and most active insider community
Join today!
  1. Hi there... Can you please quickly check to make sure your email address is up to date here? Just in case we need to reach out to you or you lose your password. Muchero thanks!

NY and CA Lose Billions to Low Tax States Like FL

Discussion in 'Too Hot for Swamp Gas' started by gator95, May 2, 2023.

  1. gator95

    gator95 GC Hall of Fame

    7,865
    864
    2,113
    Apr 3, 2007
    NY and CA losing billions while states like FL are raking in the money. Weird how so many say FL is a terribly run state yet people keep moving here...

    https://www.cnbc.com/2023/05/02/new-york-california-lose-billions-in-income-to-low-tax-states.html

    New data from the Internal Revenue Service shows that New York state lost $25 billion in adjusted gross income due to outmigration in 2021, on top of $20 billion lost in 2020. California reported a net loss of $29 billion in 2021, following a loss of $18 billion in 2020. Combined, the two states lost $92 billion across the two years.

    The biggest winner in the migration has been Florida: The Sunshine State gained a net 128,000 households in 2021, bringing over $39 billion in income, according to the IRS data, a huge jump from the $28 billion gained by the state in 2020. Palm Beach County, which includes the exclusive town of Palm Beach, gained over $11 billion in income alone in 2021, according to the IRS.
     
    • Like Like x 2
    • Winner Winner x 2
    • Informative Informative x 2
    • Funny Funny x 1
  2. wgbgator

    wgbgator Premium Member

    30,267
    1,911
    2,218
    Apr 19, 2007
    Sweet some of the most useless people on earth moved here to pay even less taxes
     
    • Agree Agree x 1
    • Disagree Bacon! Disagree Bacon! x 1
    • Funny Funny x 1
    • Friendly Friendly x 1
  3. jjgator55

    jjgator55 VIP Member

    6,198
    1,765
    2,043
    Apr 3, 2007
    Mostly Covid related and the top 1% moving to protect their wealth, but it comes with a cost of being the least affordable place in the nation to live.
    Florida is the least affordable place to live in the U.S.
     
    • Disagree Bacon! Disagree Bacon! x 3
    • Agree Agree x 1
    • Funny Funny x 1
  4. wgbgator

    wgbgator Premium Member

    30,267
    1,911
    2,218
    Apr 19, 2007
    On the plus side, they are the only set of people who can afford insurance and housing prices here
     
    • Agree Agree x 3
    • Funny Funny x 1
    • Winner Winner x 1
  5. gator95

    gator95 GC Hall of Fame

    7,865
    864
    2,113
    Apr 3, 2007
    Why was it covid related? All I've read on here is FL sucked at dealing with covid. Why would anyone want to come to FL during what you and others said FL did a terrible job? Weird...
     
    • Agree Agree x 2
    • Winner Winner x 2
    • Like Like x 1
  6. docspor

    docspor GC Hall of Fame

    5,875
    1,860
    3,078
    Nov 30, 2010
    Devo called it.

    Freedom of choice is what you've got
    Freedom from choice is what you want
     
    • Like Like x 1
  7. wgbgator

    wgbgator Premium Member

    30,267
    1,911
    2,218
    Apr 19, 2007
    The article specifically mentions remote work as a reason, not that Hooters opened a couple months sooner here
     
    • Winner Winner x 2
    • Funny Funny x 1
  8. jjgator55

    jjgator55 VIP Member

    6,198
    1,765
    2,043
    Apr 3, 2007
    I’ll use New York as an example. Cuomo added a “millionaire’s tax” in 2020 as part of COVID-relief budget that hiked the top rate to 9.65% from 8.82%. The yuppies fled Manhattan for Palm Beach to avoid paying the tax.

    Let me say that this is just a normal transformational process, and if it continues Florida will eventually evolve into what NY and Calif are today.
     
    • Funny Funny x 3
  9. gator95

    gator95 GC Hall of Fame

    7,865
    864
    2,113
    Apr 3, 2007
    Why remote work in such an authoritarian state?
     
    • Like Like x 1
    • Fistbump/Thanks! Fistbump/Thanks! x 1
    • Winner Winner x 1
  10. gator95

    gator95 GC Hall of Fame

    7,865
    864
    2,113
    Apr 3, 2007
    Sure it will...LOL.
     
    • Like Like x 1
  11. jjgator55

    jjgator55 VIP Member

    6,198
    1,765
    2,043
    Apr 3, 2007
    It’s already happening. Florida has one of the most regressive tax systems in the nation. Eventually the tax burden will trickle up from to poor to the top earners.
    Who Pays? 6th Edition.
     
    • Funny Funny x 3
    • Informative Informative x 1
  12. buckeyegator

    buckeyegator Premium Member

    73,272
    1,949
    3,883
    Oct 29, 2007
    gainesville, florida
    wow, did not know so many libbies left those 2 paradise states for poor ole florida, maybe not so dumb after all.
     
    • Funny Funny x 3
    • Fistbump/Thanks! Fistbump/Thanks! x 1
    • Optimistic Optimistic x 1
  13. gator95

    gator95 GC Hall of Fame

    7,865
    864
    2,113
    Apr 3, 2007
    You keep thinking that FL will be like NY. It's the libby dream but ain't happening.
     
    • Agree Agree x 2
    • Like Like x 1
    • Optimistic Optimistic x 1
  14. jjgator55

    jjgator55 VIP Member

    6,198
    1,765
    2,043
    Apr 3, 2007
    So it’s your belief that state and local services, Highway, building and bridge construction and maintenance, police and fire protection, and schools will not increase despite the influx of new residents?
     
    • Funny Funny x 2
  15. VAg8r1

    VAg8r1 GC Hall of Fame

    21,466
    1,794
    1,763
    Apr 8, 2007
    Ironically considering his later positions, after they became available in January 2021 DeSantis was very effective in providing accessibility to the Covid vaccines. In fact, for a while there was actually problem with residents of other states visiting Florida to get vaccinated. Later Meatball Ron DeSanctimonious did a near 180 catering to the anti-vaxxers by prohibiting governmental entities and businesses from requiring vaccinations for their employees and clientele.
     
    • Winner x 2
    • Agree x 1
    • Disagree Bacon! x 1
    • Funny x 1
    • Creative x 1
    • Come On Man x 1
  16. buckeyegator

    buckeyegator Premium Member

    73,272
    1,949
    3,883
    Oct 29, 2007
    gainesville, florida
    well just wait until desantis writes a book and wins an emmy.......
     
    • Agree Agree x 3
  17. gator95

    gator95 GC Hall of Fame

    7,865
    864
    2,113
    Apr 3, 2007
    We won't be implementing income taxes in FL like NY/CA.
     
    • Agree Agree x 3
  18. gator95

    gator95 GC Hall of Fame

    7,865
    864
    2,113
    Apr 3, 2007
    Seriously, this is your take?
     
    • Agree Agree x 3
  19. jjgator55

    jjgator55 VIP Member

    6,198
    1,765
    2,043
    Apr 3, 2007
    Those things aren’t free you know.
     
    • Funny Funny x 2
  20. gator95

    gator95 GC Hall of Fame

    7,865
    864
    2,113
    Apr 3, 2007
    They aren't? I mean how did we build anything without state income taxes? Hmmm...
     
    • Winner Winner x 3