Hochul calls millionaires 'patriotic' for staying in New York
Key Points:
- New York Gov. Kathy Hochul urged wealthy residents to remain in the state to support its extensive social programs, calling those who stayed "patriotic" and encouraging efforts to bring back millionaires who have moved to tax-friendlier states like Florida.
- Hochul has previously criticized prominent Republicans who left New York for Florida, telling them to "jump on a bus" and leave, highlighting the political tensions underlying the migration of wealthy taxpayers.
- States like New York, California, and Illinois have implemented strict residency tests and audits to enforce tax liabilities on individuals who split time between states or attempt to claim residency elsewhere, often scrutinizing personal factors such as sentimental belongings and daily habits.
- New York collected about $1 billion through