(The Center Square) – New York lost more than $14.1 billion in state-adjusted gross income over a two-year period as residents fled to New Jersey, Florida and other low-tax states, according to newly released Internal Revenue Service data.

The data, based on income tax returns, shows New York lost more than 222,702 residents in the 2021 and 2022 calendar years driven by “domestic out-migration” of people moving to other states. The data shows the state lost more than $14.1 billion in taxable income during those two years.