-5
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 30 Apr 2026
-5 points (14.3% liked)
Finance
132 readers
11 users here now
Use this community to talk about and share finance and financial news.
founded 1 year ago
MODERATORS
Do you have data to support this theory about billionaires leaving states because of taxes or is it based on emotions?
Yes on the former. I will leave the latter to you.
“More than 125,000 New Yorkers have fled to Florida in just the past few years, carrying nearly $14 billion worth of income with them” wouldn’t this mean that on average these New Yorkers earned about 110k? So not really an example of millionaires fleeing the state.
Do you have to make a million dollars in annual income to be a millionaire?
Good point! Income is also not the primary revenue stream of the ultra rich.