About 1.2 million people left New York to other states between 2000 and 2009, the Empire Center for New York State Policy found a report in 2011. Immigration is the main reason New York has added population. Read More
Tag: Migration
Fifty-seven of New York’s 62 counties lost more residents to other parts of the state or the nation than they gained between 2010 and 2012, according to newly released U.S. Census estimates. Eleven of those counties might be described as demographically dying Read More
New York’s estate tax will hit a growing number of middle-class households, small business owners and farmers, and is needlessly hindering economic growth while giving the state’s wealthiest households an added incentive to migrate, according to a report released today by the Empire Center for Public Policy. Read More
The President of the Empire Center argues a whole lot of New Yorkers have estates of at least a million dollars, the current floor above which the state takes a cut. Read More
Gov. Andrew Cuomo's $142 billion budget proposal would cut taxes over the next several years by $2.2 billion. For fiscal watchdogs, one tax cut in particular stands out: a gradual eliminate of the estate tax, something most states don't have. Read More
Now the Empire Center has provided the answers and an update on New York's tax compared with other states, which provides support for aligning New York with federal estate tax rules as Gov. Andrew Cuomo has proposed. Read More
A coalition of pro-business interests came together Monday to sound support for Gov. Andrew Cuomo’s plan to scale back the state’s estate tax, though they argued a better plan would be to repeal it all together. Read More
E.J. McMahon, president of the fiscally conservative think tankThe Empire Center, says it's about time New York got in synch with the rest of the country, where many states have already eliminated the tax altogether. According to a report McMahon wrote for the Empire Center, two-thirds of all states—including California, Florida and Texas—have allowed their own estate taxes to disappear. New York is among the holdouts—one of 14 states that still tax estates. Read More