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New York tax hikes lead to net outflow of high-income households

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user-generated· macro

New York tax hikes lead to net outflow of high-income households

Market overview

The new tax measures will cause a net migration loss of at least 5,000 high-income households (incomes >$1M) from New York by the end of 2027, according to preliminary IRS data. The outflow will accelerate in the second half of 2026 as tax filings reflect the new rates.

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Implied probability (Yes)
55%

Source: user-generated

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