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To: Alberta's Child

even in a Marxist sh!t-hole like New Jersey. Last year one of the wealthiest people in the state moved to Florida. If the estimates of his income were accurate, then the state may have lost somewhere between $50 million and $100 million in tax revenue from a single taxpayer. Poof!
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New Jersey chases after people moving away from the state by adding tax surcharges on the sale of a home if you don’t buy another in New Jersey... Millionaires moving away are forced to buy a token property AND LIVE IN IT OR AT LEAST GET MAIL DELIVERED THERE LONG ENOUGH TO CLAIM RESIDENCE to avoid enormous taxes on their home/estate that they sold when moving to Florida... They can then sell the token condo or slum shack and take a much smaller hit on that property.


4 posted on 06/16/2017 7:00:05 AM PDT by Neidermeyer (Show me a peaceful Muslim and I will show you a heretic to the Koran.)
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To: Neidermeyer

Clever.


6 posted on 06/16/2017 7:11:11 AM PDT by Chgogal (I will NOT submit, therefore, Jihadists hate me.)
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To: Neidermeyer
Here's another way the state is suffering from its own idiocy:

For some time the state was very aggressive in chasing down wealthy taxpayers who moved out of state to avoid its onerous estate taxes. They would basically pry into the financial dealings of these wealthy taxpayers in an attempt to make the case that they were still New Jersey residents even if they spent much of the year in another state and used the other state as their official full-time residence for tax purposes. One of the ways they would do this was by documenting the taxpayer's continued involvement as volunteers in civic affairs and non-profit groups even after they allegedly moved out of the state.

Tax attorneys in New Jersey began advising their clients to start cutting their ties completely with charities and non-profit groups in the state when the moved out. As a result, you have many prominent New Jersey charities and civic organizations that have suffered financially because their biggest donors are cutting ties with them to protect themselves from the state's tax agents.

8 posted on 06/16/2017 7:19:54 AM PDT by Alberta's Child ("I was elected to represent the citizens of Pittsburgh, not Paris." -- President Trump, 6/1/2017)
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