Posted on 03/20/2012 8:58:56 AM PDT by OddLane
One of America’s most powerful labor leaders, teachers union president Randi Weingarten, has quietly moved out of New York City, a decision that saved her from paying more than $30,000 in city income taxes that she would have owed if she had stayed.
Discussion of people fleeing New York City in part because of high income tax rates has mostly focused on high-powered conservative commentators and billionaire hedge-fund managers. Glenn Beck moved to Dallas, and Rush Limbaugh sold his New York apartment and announced he was vacating the city. An article in last week’s New Yorker discussed the case of hedge fund manager Julian Robertson, who went to court to prove he was not in New York City for more than the 183 days that is the threshold for tax purposes.
No one, until now, has mentioned the president of the American Federation of Teachers, Ms. Weingarten, in that group. But sure enough, her biography on the AFT Web site states, “Weingarten now resides on Long Island and in Washington, D.C.”
Such a move would have been well timed for saving on taxes.
(Excerpt) Read more at nysun.com ...
Apparently her fair share was somewhat less than others. Just ask her.
do as I say, not as I do.
I’m a limosine liberal
and I know whats best,
for you
Don’t you get it? It’s OK if libs move or relocate in order to avoid taxes. But the rest of us need to pay ever higher taxes to promote their progressive agendas.
Since she’s stiffing the government (according to liberals) she has lifted herself up to become part of the 1%.
I don’t blame anyone for saving money by voting with their feet. What I find reprehensible is where such people then agitate to make it difficult or impossible for any of their fellow citizens to do the same.
This extends to corporate tax policy. Apple just stated that they would keep $60 billion of their own money parked outside the US until the US stops taxing it so much. They have every right to do so and indeed are only being prudent based on the rules.
However, all too often union officials are at the head of the line agitating to tax corporations like Apple, while lamenting the lack of new jobs. Such small-minded coveting is one of the reasons we are in continue to dig ourselves into a deeper hole.
Apple says $60 billion will remain overseas until US tax law changes
By Brendan Sasso and Bernie Becker - 03/19/12 04:24 PM ET
Apple made an aggressive pitch for a corporate tax holiday Monday, stressing that it plans to keep more than $60 billion parked offshore until Congress makes it easier for companies to bring those profits home.
The warning from the nation’s most valuable company came as Apple announced it would pay a dividend to shareholders and buy back stock, moves that will cost about $45 billion over three years. ..
All animals are created equal. But some animals are more equal than others.
When Sandra Feldman died, she became the head of the national organization.
New York City income tax is levied only on all income of residents irrespective of source location. Non-residents pay no NYC tax even on work income earned in NYC.
New York State income tax is levied on all work income earned in New York State regardless of residence, and on all work and non-work income of residents earned elsewhere net of foreign tax credit, and all non-work income of residents earned within the state.
So? local taxes on your labor are stoopit. i’d do it too.
The head of the New York City public school teachers union relocated to the suburbs to avoid taxes?
I thought it was to get a good education for her children.
The New York City commuter tax was abolished during the Giuliani administration. It was only .45% instead of 3.65% anyway.
In 1983, I did a tax leveraged lease deal with the state of New York {Lt. Gov. Mario Cuomo} for multiple millions.
It was tax free income for investor residents of NY City and at that time they saved 15% on the income earned from state, local and city taxes because it involved NY State property, and met all the legal requirements for tax avoidance.
It was a huge transaction, but I sold the deal to three super rich NY liberal investors because they knew that the deal was financially safe, and it was tax free.
They had to be residents of NY City to take full tax advantage and they all were.
They all had a net worth of hundreds of millions, yet loved this deal to save money on NOT paying taxes.
Liberal with your money, conservative with their money.
Bump
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