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Rush Limbaugh Will 'Lead the Way' Out of Highest Tax StateLimbaugh says will be exodus from NY.
Business and Media Institute ^ | April 13, 2009

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 ...


TOPICS: Business/Economy; Government; US: New York
KEYWORDS: donaldtrump; exodus; millionaire; newyork; paterson; rush; taxes; taxincrease; trump
Check this out! Let the Limbaugh revolution begin!
1 posted on 04/13/2009 9:02:55 PM PDT by LoRo
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To: LoRo

Rush pays my way out of this evil state, I’ll help build a home for him for free.


2 posted on 04/13/2009 9:04:56 PM PDT by wastedyears (April 21st, 2009 - International Iron Maiden Day)
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To: LoRo

Well, they sure won’t be coming to Kalifornia. From the frying pan into the fire.


3 posted on 04/13/2009 9:05:59 PM PDT by Saundra Duffy (For victory & freedom!!!)
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To: LoRo

Atlas shrugs and NYS dies. AS a New Yorker who can’t move, this sucks.


4 posted on 04/13/2009 9:07:12 PM PDT by rmlew ( The SAVE and GIVE acts are institutioning Corvee. Where's the outtrage!)
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To: rmlew

I’m in the same position as you, in the belly of the beast.


5 posted on 04/13/2009 9:11:18 PM PDT by wastedyears (April 21st, 2009 - International Iron Maiden Day)
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To: rmlew

I’m thinking you could, it would just be painful and/or difficult.


6 posted on 04/13/2009 9:12:26 PM PDT by Secret Agent Man (I'd like to tell you, but then I'd have to kill you.)
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To: LoRo

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!


7 posted on 04/13/2009 9:16:50 PM PDT by takenoprisoner (Freedom Watch: fight for freedom with everything you have.)
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To: LoRo; All
I'm not rich but the rich do pay their taxes and then some. I don't like the aspect of punishing people for success. Besides many of the people who make $250,000 and above don't make it every year. One year I made this much because I sold some real estate and cashed out some stock options that were due to expire. The next year I made far less than half this amount. The top 1% pay about 40% of Federal Tax.

There is a limit to how much you can penalize your top earners if they can go elsewhere. New York is about to learn this.
8 posted on 04/13/2009 9:26:48 PM PDT by truthguy (Good intentions are not enough!)
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To: LoRo

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


9 posted on 04/13/2009 9:31:55 PM PDT by County Agent Hank Kimball (Eat Hooterville Rutabagas!)
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To: LoRo

Rush Bump!!


10 posted on 04/13/2009 9:36:07 PM PDT by Captain Beyond (The Hammer of the gods! (Just a cool line from a Led Zep song))
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To: County Agent Hank Kimball

Rush operates from hi home in Fla,

His business is in NYC where it is taxed


11 posted on 04/13/2009 9:36:17 PM PDT by Bullfrogg
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To: LoRo; All

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??


12 posted on 04/13/2009 9:59:19 PM PDT by sten
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To: County Agent Hank Kimball

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.


13 posted on 04/13/2009 10:05:56 PM PDT by Vision Thing
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To: LoRo

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.


14 posted on 04/13/2009 10:10:35 PM PDT by deannadurbin
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To: Vision Thing

His mansion is in Jupiter, FL. I’ve driven past it.


15 posted on 04/13/2009 10:11:33 PM PDT by deannadurbin
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To: Vision Thing; Bullfrog; County Agent Hank Kimball

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.


16 posted on 04/13/2009 10:43:29 PM PDT by norge
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To: County Agent Hank Kimball

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.


17 posted on 04/13/2009 11:18:23 PM PDT by ducdriver (judica me, Deus, et discerne causam meam de gente non sancta. (Ps. 42))
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To: ducdriver
States without personal income taxes:

* 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

18 posted on 04/13/2009 11:38:49 PM PDT by Obamageddon (This will all end with show trials and piano wire!)
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To: Obamageddon

I’d say Rush should ride out the hurricanes in Vegas, Tahoe, or Jackson Hole.


19 posted on 04/13/2009 11:46:42 PM PDT by Obamageddon (This will all end with show trials and piano wire!)
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To: LoRo
A lot of the wealth at that level is "portable" outside of fixed, physical assets such as property.

See how they run!

20 posted on 04/14/2009 2:36:23 AM PDT by Caipirabob (Communists... Socialists... Democrats...Traitors... Who can tell the difference?)
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To: LoRo

As Margaret Thatcher once opined, “Socialism is great until you run out of other people’s money.”


21 posted on 04/14/2009 2:45:04 AM PDT by Renkluaf
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To: County Agent Hank Kimball

Rush owns more than one place.
He owns a home on Palm Beach but maintains a condo in N.Y. city as he is there quite often.
If his show takes place in N.Y. He gets taxed.
He gets taxed higher on his Condo also.


22 posted on 04/14/2009 3:22:02 AM PDT by Joe Boucher (An enemy of Islam)
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To: Obamageddon

Good info...thanks......any good COUNTRIES to go to??


23 posted on 04/14/2009 3:30:45 AM PDT by Ann Archy (Abortion....the Human Sacrifice to the god of Convenience.)
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To: Saundra Duffy

The liberals’ answer to the exodus would be to just raise taxes in every state on every “millionaire.”

(Liberal morons cannot delineate between the “high income earner” and the “rich.”


24 posted on 04/14/2009 3:35:46 AM PDT by Boiling Pots (The Politicians think we're all stupid, and they're largely correct.)
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To: Ann Archy

Uruguay, Costa Rica, Philippines, the Malaysian territory of Labuan, Vanuatu, Samoa, Cook Islands, Nauru, Niue and the Marshall Islands.


25 posted on 04/14/2009 3:44:10 AM PDT by Obamageddon (This will all end with show trials and piano wire!)
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To: Obamageddon

YIKES!! None of those places sound good.....and with HORRIBLE health care!


26 posted on 04/14/2009 3:50:37 AM PDT by Ann Archy (Abortion....the Human Sacrifice to the god of Convenience.)
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To: sten

Puerto Rico is worth a look, not only for taxes but for thevery favorable business climate in terms of zoning and other regulation.


27 posted on 04/14/2009 3:51:35 AM PDT by Jimmy Valentine (DemocRATS - when they speak, they lie; when they are silent, they are stealing the American Dream)
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To: Ann Archy

Take a serious look at Uruguay. The most stable democracy in South America. Wonderful weather.


28 posted on 04/14/2009 4:02:55 AM PDT by Obamageddon (This will all end with show trials and piano wire!)
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To: Obamageddon

Ok...thanks.


29 posted on 04/14/2009 4:29:49 AM PDT by Ann Archy (Abortion....the Human Sacrifice to the god of Convenience.)
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