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The Pandemic Flight of Wealthy New Yorkers Was a Once-in-a-Century Shock

The outlook for this year is much more uncertain as the stock market has plummeted in recent months and certain forms of federal aid, such as stimulus and increased unemployment benefits, have ended.

It is not possible to calculate the tax revenue lost from moving people because the city’s independent budget office may be working remotely and paying the city’s income tax for a New York-based company. Said there is. In the long run, the state’s dispute over the sharing of taxes from remote workers could make their tax situation a major policy issue, the agency said.

Sophia and Charly Blackett moved from Brooklyn to Rowayton, Connecticut last year. This is because both jobs in the tech field have made it possible to work permanently at home. Bracket, 27, had previously considered raising a child in the city, but her pandemic containment changed her mindset.

“I was thriving in the hustle and bustle,” she said. Now, she said, “I’m thinking of waking up in my apartment bed, but I’m a little worried.”

This issue is the issue of the governor’s election. Moderate Democrat Governor Kathy Hokul said earlier this year that the rapid population decline caused by the loss of a city in New York was a “non-negligible alarm.” Long Island representative Tom Suoji, a centrist politician who challenges her at this month’s Primary, has blamed crime, high taxes, and the outflow of affordable living expenses.

Gargana Ivanova, a 28-year-old clothing designer and social media influencer, said her decision to move to Miami wasn’t about taxes. She said the pandemic made the shortcomings of living in New York City even more pronounced. She has a lack of space in her little Queens apartment and a pile of garbage on the sidewalk. When she was empty, she felt it was unsafe to walk around.

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