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Flight of Affluent Taxpayers Catches Up With New York

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Source: Bloomberg Business bias rating
Author:
Published: May 25, 2023
Category:
Topic:
A.I. Bias Rating :

10% Center

Extremely
Liberal

Very
Liberal

Moderately
Liberal

Somewhat Liberal

Center

Somewhat Conservative

Moderately
Conservative

Very
Conservative

Extremely
Conservative

-100%
Liberal

100%
Conservative

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.

Policy Leaning:

10% Center

Extremely
Liberal

Very
Liberal

Moderately
Liberal

Somewhat Liberal

Center

Somewhat Conservative

Moderately
Conservative

Very
Conservative

Extremely
Conservative

-100%
Liberal

100%
Conservative

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.

Politician Portrayal:

N/A

Opposite Viewpoint:

Bias Score Analysis:

The A.I. bias rating includes policy and politician portrayal leanings based on the author’s tone found in the article using machine learning. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral.

Policy Leaning Analysis:

This article includes the following sentiments, providing an average bias score of 10% Conservative:

  • 4 negative sentiments for Taxes

Policies:

Taxes

Sentiments

  •   Conservative
-4% "Inside the New York City metro area, the cost of living is high, and taxes are high statewide -- the highest in the country, ..."
-8% "New York's taxes are also somewhat regressive, with the left-leaning Institute on Taxation and Economic Policy estimating that those making less than $19,400 as ..."
-14% "The role of taxes in driving interstate migration is often exaggerated, but it's not nothing.""
-28% "But New York has continued to lose population, and if the trend depicted above were to continue, even in less extreme form, it would ..."

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.

Extremely
Liberal

Very
Liberal

Moderately
Liberal

Somewhat Liberal

Center

Somewhat Conservative

Moderately
Conservative

Very
Conservative

Extremely
Conservative

-100%
Liberal

100%
Conservative

Contributing sentiments towards policy:

48% : Inside the New York City metro area, the cost of living is high, and taxes are high statewide -- the highest in the country, in fact, with the right-leaning Tax Foundation putting New York's 2022 state and local tax burden (state and local taxes paid by a state's residents divided by that state's share of net national product) at 15.9%.
46% : New York's taxes are also somewhat regressive, with the left-leaning Institute on Taxation and Economic Policy estimating that those making less than $19,400 as of 2015 in New York faced a slightly higher overall state and local tax rate than those making more than $780,000, with rates the highest for those making $60,900 to $107,600.
43% : The role of taxes in driving interstate migration is often exaggerated, but it's not nothing.
36% : But New York has continued to lose population, and if the trend depicted above were to continue, even in less extreme form, it would be disastrous for the finances of a state that relies on income taxes paid by those making $200,000 or more a year for almost half its revenue.

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.

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