The number of those earning more than $25 million that fled the state in 2021 is 1,453, just 520 less than the amount that left at the height of lockdowns and intense social distancing [implying 17% of this cohort over two years]. The top one percent of earners in New York account for close to half of the state’s income tax revenue. Between 2019 and 2020, New York City lost six percent of those earning between $150,000 and $750,000. EJ McMahon of the Empire Center for Public Policy claimed the data showed a 1.3 percent decline in the number of New Yorkers with adjusted gross annual income of more than $1 million. The precise figure fell from 55,100 to 54,370 – 730 individuals, while the national number climbed from 554,340 to 608,549 – a nearly 10 percent jump. According to new Census Bureau data, New York experienced the largest population decline of any US state this year – losing 0.9 percent of its residents.
- Date Posted:
- February 23, 2023
The U.S. is markedly increasing the number of troops deployed to Taiwan, more than quadrupling the current number to bolster a training program for the island’s military amid a rising threat from China. The U.S. plans to deploy between 100 and 200 troops to the island in the coming months, up from roughly 30 there a year ago, according to U.S. officials. The larger force will expand a training program the Pentagon has taken pains not to publicize as the U.S. works to provide Taipei with the capabilities it needs to defend itself without provoking Beijing. Beyond training on Taiwan, the Michigan National Guard is also training a contingent of the Taiwanese military according to people familiar with the training.