Money talks. In New York, it says "Goodbye!"
El Rushbo predicted it. Now we can see it!
ALBANY -- New York billionaire Tom Golisano is taking his big bucks elsewhere.
Furious over a new "millionaire's tax" that could cost him an extra $1 million this year, the Rochester-area resident and three-time gubernatorial candidate says he's fleeing the state for Florida's Gulf Coast.
...The millionaire's tax -- which hiked the income tax rate to 8.97 percent from 6.85 percent on those making over $500,000 a year -- would force Golisano to pay $13,000 a day in state income taxes. That's $4.7 million a year, up from $3.6 million.
Florida has no state income tax.
To officially qualify as a tax refugee, the Buffalo Sabres owner will simply have to extend by a month or two his usual winter retreats in the Sunshine State.
Wow. Who couldn't have predicted this?
Hat tip Jammie Wearing Fool
Cross posted at Say Anything
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