NEW YORK—New Yorkers are not moving out of the city as much as expected after 9/11, according to a report from the New York City Independent Budget Office (IBO) on Wednesday. The report examined tax returns over the years to track tax filers’ moves.
Surprisingly, the 9/11 terrorist attacks in 2001 don’t appear to have affected immigration in New York. “Rather than the mass exodus some observers forecast, the number of tax filers leaving New York City in 2002 actually declined,” the report said.
However, those who moved into New York had a significantly lower income than those who moved out. For example, people who moved into New York in 2007 had an average income of $15,000 less than those who moved out of New York.
More tax filers moved out of the city than moved in between 1989 and 2007, though the difference in numbers has decreased over time, says the report. Since 2004, the number of in-migration tax filers has increased greatly, while that of out-migration of tax filers has decreased.
The number of exemptions each out-migration tax filer made has been higher than that of in-migration tax filers, and this may suggest that people moving out of New York are more likely to have children, according to the report.
Surprisingly, the 9/11 terrorist attacks in 2001 don’t appear to have affected immigration in New York. “Rather than the mass exodus some observers forecast, the number of tax filers leaving New York City in 2002 actually declined,” the report said.
However, those who moved into New York had a significantly lower income than those who moved out. For example, people who moved into New York in 2007 had an average income of $15,000 less than those who moved out of New York.
More tax filers moved out of the city than moved in between 1989 and 2007, though the difference in numbers has decreased over time, says the report. Since 2004, the number of in-migration tax filers has increased greatly, while that of out-migration of tax filers has decreased.
The number of exemptions each out-migration tax filer made has been higher than that of in-migration tax filers, and this may suggest that people moving out of New York are more likely to have children, according to the report.
