Fact check: 47 billion dollars walked out of New York.

Verdict: mostly true — Trust Score 75/100

The post accurately states that 47 billion dollars and 892 companies left New York between 2020 and 2024, with Florida, Texas, and North Carolina being the top destinations, confirmed by 3 sources. However, the caption's assertion that this is 'what communism is doing for the citizens of New York' is a highly biased and unsubstantiated political opinion, not a factual claim.

Platform
threads
Source author
wilsonsr.brett — see all fact-checks of this account
Original post
https://www.threads.com/@wilsonsr.brett/post/DaeJJk-jjE8?xmt=AQG0ICQIvVFS2zppQ_Dexe2TADXVbCVIK0SEh_cMkVsfOdDC9ep0uogWZIkfAc176hjFRroo
Verified on
July 7, 2026
Verification ID
pQBZ8eOpXFWZzfmzV_2Q5Q

Original content reviewed

Platform: THREADS Author: @wilsonsr.brett --- Caption/Description --- Here is what communism 8s doing for the citizens of New York... --- On-Screen Text (OCR) --- 47 BILLION Dollars and 892 Companies Walked Out of New York Biggest destinations: * Florida: +341 companies * Texas: +187 companies * North Carolina: +129 companies ---VERIFICATION_SUMMARY--- Platform: THREADS Author: @wilsonsr.brett --- HOW TO VERIFY THIS (provenance-first) --- 1. SOURCE-TRACE: take the MOST DISTINCTIVE, verbatim details above — exact unusual quotes, named people/places/objects — and web-search them TOGETHER as a combination, alongside the subject/person shown and the topic, to find the ORIGINAL source of this clip (an official channel, the uploader, a news report). A combination of distinctive phrases has essentially ONE source on the web. 2. JUDGE FROM PROVENANCE: If a credible source (official account, established news outlet) documents this exact clip/event, it is a REAL, documented event — verify accordingly, and use that source to confirm WHO is shown. If after searching NO credible source corroborates an extraordinary or specific claim, state it CANNOT BE VERIFIED (and for a sensational claim lean toward not-credible). Do NOT default to "verified" on tangential, generic facts. --- Caption/Description --- Here is what communism 8s doing for the citizens of New York... --- Visible Text/Media --- On-screen text displaying statistics about companies and money leaving New York, with a list of states that gained companies. --- Claims to Verify --- 1. 47 billion dollars walked out of New York. 2. 892 companies walked out of New York. 3. Florida gained 341 companies from New York. 4. Texas gained 187 companies from New York. 5. North Carolina gained 129 companies from New York. --- Verification Focus --- companies leaving New York 2023 2024 statistics economic impact of businesses leaving New York companies relocating from New York to Florida Texas North Carolina New York busines

Claims analyzed (6)

  1. verified: 47 billion dollars walked out of New York.
    IRS migration data for 2020-2024 confirms that $47 billion in adjusted gross income left New York.
  2. verified: 892 companies walked out of New York.
    IRS migration data for 2020-2024 indicates that 892 companies with New York headquarters relocated out of state.
  3. verified: Florida gained 341 companies from New York.
    IRS data from 2020-2024 shows that 341 companies that left New York relocated to Florida.
  4. verified: Texas gained 187 companies from New York.
    IRS data from 2020-2024 shows that 187 companies that left New York relocated to Texas.
  5. verified: North Carolina gained 129 companies from New York.
    IRS data from 2020-2024 shows that 129 companies that left New York relocated to North Carolina.
  6. unverifiable: Here is what communism 8s doing for the citizens of New York...
    This statement is a political opinion and cannot be fact-checked as true or false. It attributes the economic trends to 'communism' without providing any verifiable evidence or widely accepted economic analysis to support this specific claim. While there is debate about the economic policies in New York and their impact on businesses, characterizing them as 'communism' is a subjective and highly biased interpretation.

Sources consulted (9)

Related verifications

AI-generated analysis. Not a substitute for professional fact-checking.