Numbers released by the IRS reveal the devastating amount of revenue lost from blue-state New York to Southern red states.
The ‘tax-the-rich’ Democrat leaders of New York have not only pushed out the state’s billionaires, but the report shows that plenty of middle-income professionals and families have fled the state in search of relief.
According to the report shared on X, $47 billion and 892 companies “walked out” of New York, with Florida, Texas, and North Carolina reaping most of the benefits.
Florida reportedly gained 341 of those companies, Texas took 187, and North Carolina added 129.
Read this on fb. If you didnt know, now you know. 892 companies….wow.
New IRS data reveals that New York has lost $47 billion in income and 892 companies to a growing corporate exodus. With Florida, Texas, and North Carolina capturing the majority of these relocations,… pic.twitter.com/mXmSdamqKI
— Sassafrass84 (@Sassafrass_84) May 16, 2026
And who can forget when NY Governor Kathy Hochul famously told her constituents who didn’t like her high-tax policies to “move to Florida,” and it sounds like they did!
New York Gov. Kathy Hochul is being mocked nationwide after she BEGGED people to move back from Florida
4 years ago, she was GLOATING, saying Republicans should “jump on a bus and head down to Florida”
Mamdani will make the problem EVEN WORSE!
What’s your response to… pic.twitter.com/t5daEVNsU6
— Red Eagle Updates
(@RedEagleUpdates) March 31, 2026
Fox Business’s Stuart Varney recently predicted that this is just the beginning of the “mass migration” to red states.
HOLY COW: Bombshell data from the IRS has left NY Governor Kathy Hochul speechless.
Between 2020-2024, 892 companies escaped from New York – along with $47 BILLION in income with them.
Here’s where they went:
• Florida: 341 companies
• Texas: 187
• North Carolina:… pic.twitter.com/kUDColbQBo— Blue Lives Matter (@bluelivesmtr) May 11, 2026
It’s only a boon for red states, of course, as long as the folks moving there don’t vote for the policies that they’re fleeing from.
— chickenballs270 (@chickenballs270) May 11, 2026
At least Cali and NY have a chance, theres zero reason to live in Minnesota they’re cooked
— Enormous James (@RealEnormous) May 11, 2026
It’s getting easier and easier for companies to move these days. Cloud technology has been a big enabler. The low-cost provider states like Florida and Texas have huge edge.
— Patrick Rooney (@patrickrooney) May 11, 2026
Hochel is worst thing to ever happen to NYS!
Couple her with Mandami NYS is drinking a lethal cocktail from a hose!
— LP (@ladp216) May 11, 2026
1. If they voted Democrat – they should be forced to stay and suffer for what they did to their state.
2. Don’t move here and ruin our state if you are going to continue voting Democrat.— Sean C (@Garron217) May 12, 2026
Below is reportedly a chart of “cumulative adjusted gross income gained or lost by state, ranked within the 2024 presidential voting record.”
MAGA. pic.twitter.com/n64cbEaebi
— Chris (@TheRealChrisCCI) May 12, 2026
Wow!
