How New York Hunts Down Tax Refugees

If you're leaving New York for lower taxes, just make sure you can prove it

The buildings are high, and so are the taxes.

Ron Antonelli/Bloomberg

Every year, some 55,000 New Yorkers move to Florida, more than those who migrate to any other state. In addition to year-round sunshine, ex-New Yorkers also get relief from some of the country's highest state taxes. And while academics disagree on just how much taxes influence moving decisions, studies show taxes especially sway retirees and other folks living off investment income. According to the AARP, more than half of New Yorkers over age 50 who are planning to retire said they're considering leaving the state. 

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