Posted on 04/13/2009 9:02:55 PM PDT by LoRo
Donald Trump and Rush Limbaugh are sending the same message to New York’s Governor David Paterson: Hike taxes for high-income earners and your major taxpayers will leave the state.
Trump told FOX host Neil Cavuto that the “millionaire’s tax’ is going to be “total disaster” for the state and will consider leaving New York. Trump warned that he also spoke with 25 to 30 people “leaving or going to consider leaving.” Limbaugh went a step further on April 11 when he told Cavuto he will leave the high-tax state and is happy to “lead the way.”
In Limbaugh’s interview with Cavuto, the talk radio host said New York will suffer by smacking the successful with even higher taxes. Limbaugh predicted that New York’s tax increases will cause an exodus of high-income earners leaving the state. “They have no idea the shortfall of revenue that their own policies are going to be creating,” Limbaugh fumed.
(Excerpt) Read more at businessandmedia.org ...
Rush pays my way out of this evil state, I’ll help build a home for him for free.
Well, they sure won’t be coming to Kalifornia. From the frying pan into the fire.
Atlas shrugs and NYS dies. AS a New Yorker who can’t move, this sucks.
I’m in the same position as you, in the belly of the beast.
I’m thinking you could, it would just be painful and/or difficult.
Message to Rush. Stop threatening and do it already.
In the tone of the Cable guy “git’r done.” Just quit your bitchin and act!
I don’t understand all this. Didn’t Rush move to Florida years ago? I don’t hear him as much now that I have satellite (listen to Mike Church, Andrew Wilkow, Mark Levin, etc.).
But I could swear Rush move to Florida. Did I just imagine this?
Hank
Rush Bump!!
Rush operates from hi home in Fla,
His business is in NYC where it is taxed
you can always move to Florida or Texas... no state income tax
of course, there is always puerto rico... a US commonwealth and only 7% tax (so i’ve heard). anyone ever start an internet based company there? are the taxes still just 7% and no fed??
Rush lives and works most of the time out of Palm Beach, but a few days out of the year (especially when he needs to escape from hurricanes to perform his show), he stays and works in NYC.
I don’t know how anyone stands living in New York. It has a spiritual oppression that I felt very strongly last time I was there.
His mansion is in Jupiter, FL. I’ve driven past it.
Rush indeed lives in FL. He owns a condo in NYC, which he maintains, in part, for the time when FL is threatened with hurricanes.
For the time he lives in NYC, he is subjected to city and state income taxes, for which he has been audited time and again.
The same is true for professional ball players of all sports, who live part time in the city for which they play. It becomes such a tangled financial mess that high priced accountants are required to figure it out.
The same, by the way, applies to professional athletes, and others, who live and work in both the United States and Canada.
States tax you if you earn money in their state...I have a friend who is a singer, and pays taxes in many states. This is a huge burden to keep track of income and to file in all those many states. Same for Rush. I’m pretty sure even though he lives in FL that he has to pay taxes for any income he produces in NY.
* Alaska – has a state corporate income tax
* Florida – has a state corporate income tax. Once had tax on "intangible personal property" held on the first day of the year (stocks, bonds, mutual funds, money market funds, etc.) but was abolished at the start of 2007. The Florida Constitution explicitly prohibits a personal income tax.
* Nevada has no personal or corporate income tax. Nevada gets most of its revenue from gambling taxes.
* New Hampshire – has an Interest and Dividends Tax of 5%, and a Business Profits Tax of 8.5%.
* South Dakota – has a state corporate income tax on financial institutions.
* Tennessee – does have tax on income (at a 6% rate) received from stocks and bonds not taxed ad valorem (Tenn Const Art II, §28). The Tennessee Supreme Court has held that a personal income tax is unconstitutional. [Evans v. McCabe]
* Texas – in May 2006, passed a revised gross margins tax on businesses (sole proprietorships and some partnerships are exempt). The Texas Constitution places severe restrictions on passage of a personal income tax and use of its proceeds.
* Washington – has a Business and Occupation Tax (B&O) on gross receipts, applied to "almost all businesses located or doing business in Washington." It varies from 0.138% for splitting dried peas to 1.6% for bigtime gambling.
* Wyoming
I’d say Rush should ride out the hurricanes in Vegas, Tahoe, or Jackson Hole.
See how they run!
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