America's top destination for new taxpayers is quietly getting poorer, IRS data reveals
Manhattan gained more tax filers than any U.S. county yet lost nearly $1 billion in income as high earners fled to lower-tax states like Florida and Texas.
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Economy America's top destination for new taxpayers is quietly getting poorer, IRS data reveals Latest data shows high earners fleeing New York for red states take far more wealth with them than arriving residents bring By Amanda Macias Fox News Published July 10, 2026 7:00am EDT Facebook Twitter Threads Flipboard Comments Print Email Add Fox News on Google close Video Why billionaires, CEOs and manufacturers keep choosing Texas as America’s business capital Gabriela von zur Muehlen, chief policy officer at the Texas Association of Business, says Texas’ low costs and strong supply chains help attract billionaires, CEOs and manufacturers. NEWYou can now listen to Fox News articles! Wealthy Americans are continuing to flee high-tax states — and New York City is paying the price.
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