PRIME ECONOMY POLITICS
Zze28-1021	The Shocking Cost of New Yorks Tax the Rich Experiment Has Finally Been Exposed
	Quote:	As a direct result, personal income tax collections in 2022 alone were roughly 10.7 billion lower than they otherwise would have been if they had maintained their share of the wealthy folks. The study makes clear that the people leaving pay a disproportionately large share of state taxes, creating a painful hole in the budget that affects everything from public services to infrastructure funding. Economist Jared Walczak provides numbers that back up the notion. "In New York, the top 1 of earners pay about 45 of all state income taxes in any given year, so New Yorks revenue is very reliant on high earners to stay in New York, and that has been a challenge in recent years," he told the New York Post.
	Comment:	Economic Illiteracy meets cultural illiteracy.
	Article:	https://redstate.com/rusty-weiss/2026/07/13/the-shocking-cost-of-new-yorks-tax-the-rich-experiment-has-finally-been-exposed-n2204294
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Zze28-1021

The Shocking Cost of New Yorks Tax the Rich Experiment Has Finally Been Exposed