America's top destination for new taxpayers is quietly getting poorer, IRS data reveals

Wealthy Americans are continuing to flee high-tax states — and New York City is paying the price. Nowhere is that more apparent than in Manhattan. The borough led the nation in new tax filers between 2022 and 2023, but it still lost roughly $922 million in adjusted gross income as high-income taxpayers departed and were replaced by lower-earning newcomers. With the 2026 midterm elections approaching, the migration of high-income taxpayers is becoming more than a demographic trend — it's a politi