Posted on 03/09/2019 8:04:39 AM PST by E. Pluribus Unum
FULL TITLE: Tax collectors chase rich New Yorkers moving to low-tax states. Auditors inspect cell records, even your dog’s vet bills
The cat-and-mouse game between state tax collectors and wealthy New Yorkers who are moving to Florida has reached new levels — and gone high tech.
New federal tax laws limiting the deduction of state and local income taxes have created incentives for wealthy New Yorkers to move to Florida or other lower-tax states. New York Gov. Andrew Cuomo last month blamed wealth flight for the state’s $2.3 billion revenue shortfall in December and January.
“Tax the rich, tax the rich, tax the rich,” he said. “We did. Now, God forbid, the rich leave.”
But the New York State Department of Taxation and Finance is making sure that high earners who try to leave don’t escape without an audit and a bill. New York conducted about 3,000 “nonresidency” audits a year between 2010 and 2017, collecting around $1 billion, according to Monaeo, a company that sells an app for tracking and proving tax residency.
Chance of audit: 100 percent More than half of those who were audited lost their cases, and the average collected by New York State between 2015 and 2017 was $144,270 per audit, Monaeo said. In addition to the traditional audit methods the state uses to make sure a taxpayer isn’t gaming the system — like checking taxpayer’s credit card bills and travel schedules — New York officials are using a whole new set of high-tech tools, including tracking cellphone records, social media feeds, and veterinary and dentist records. Auditors are even conducting in-home inspections to look inside taxpayers’ refrigerators.
“If you’re a high earner in New York and you move to Florida, your chances of a residency audit are 100 percent,” said Barry Horowitz,...
(Excerpt) Read more at cnbc.com ...
No sympathy.
Most of them voted Rat in New York and vote Rat in Florida.
I have a buddy that left California for the same reason. He has been scrupulous about staying out of that state the last couple of years.
Soon it will be illegal to move out of certain states if you are rich.
New York tax collectors are looking for New Yorkers who haven’t really left the city, who just bought a small condo in Florida for nothing more than a mailing address.
Looking at dentist and vet records, looking in refrigerators, etc??
Isn’t the key residency test, where you spend the majority of the year? So if you spend 6 months and a day in Florida, then Florida is your legal state of residence, even if you spend 5 months and 29 days in New York as well?
Or does New York do things differently? It sounds like even if you set foot in New York for a day, that they will tax you for that day.
But what if you are living and working in Florida, earning no income in New York? Can they still tax you on income earned in another state?
Correcto..just met a new couple from NYC....both disgusting libs.
They can call it “The Stability of Happiness Act”.
seems unconstitutional to investigate citizens with no suspicion or report of a crime and no grand jury indictment.
Hey, they voted for it.
Embrace the Suck!
Yep. It’s what they signed up for.
Now they get to create another Utopia in Florida.
Everywhere is freaks and hairies
Dykes and fairies, tell me where is sanity
Tax the rich, feed the poor
‘Til there are no rich no more?
I have a way out of this fiscal crisis for the state of NY: Tax credits for money spent on abortions.
Yes NY, Please tax your rich.
What's going to happen is tourism and conferences will decline and athletes will soon stop playing games in NY too.
I guess if I move somewhere like Alabama I will have to introduce myself in my New Yawk accent and tell them I am a Republican. My husband is a registered conservative. That we are Catholic, pro life. That we love Trump. And we hate Schumer, cuomo, deblasio, gillibrand and AOC. What will they say?
Chance of audit: 100 percent More than half of those who were audited lost their cases, and the average collected by New York State between 2015 and 2017 was $144,270 per audit, Monaeo said.
These were wealthy people who tried to have it both ways ... by establishing a second home outside New York, but also spending so much time at their New York residence -- and doing business in New York -- that they didn't meet the legal requirements for establishing the other state as their primary residence.
I'll bet most of these morons still have New York accountants and are still registered to vote in New York.
No sir...... that’s my phone
I don’t use the phone much
I think your friend is wise to avoid California. I don't live there but in 2010, on my way from Seattle to Hawaii in my boat we were sailing down the coast. We ducked into Eureka to hide from some weather and stayed for a few weeks before resuming our trip. When we got to Hawaii, I received a CA property tax bill for my boat! Unbelievable! I was a resident of Hawaii at the time. The boat is USCG documented with a home port of Honolulu. I refused to pay and eventually got it straightened out, but it took months.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.