Golisano predicts growing exodus of the wealthy from NY
Tom Golisano, the upstate billionaire who announced last week that he was changing his legal residence from New York to Florida, today predicted more rich people will flee the Empire State once the real-estate market improves.
“The move is going to accellerate,’’ he said during an interview on Talk-1300 AM in Albany today.
The founder of Paychex Inc. and the Buffalo Sabres said that his state income taxes would have increased from $9,000 a day to $13,800 a day under the newly enacted state budget. Florida has no income tax.
“We’re driving so many people out of here,’’ said Golisano, 67, who spent close to $100 million on campaigns for governor in 1994, 1998 and 2002.
Golisano blasted Gov. Paterson and legislative leaders for increasing the state budget by 9 percent. But Paterson has frequently pointed out that the state’s general-fund spending – the portion supported by tax receipts – is virtually unchanged from last year.
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Almost 14 grand a day! For NY State alone! Maybe cogitating on this number will put to bed the ignorantly-held liberal fallacy that the rich don’t pay taxes. In fact, the top 20% of earners in this country now pay 86% of the taxes.
I wonder if Ron Lauder will be next ?
VJ Machiavelli
NO MORE SCHUMER
NO MORE PELOSI
NO MORE RANGEL
NO MORE ENGEL AND HIS MILLION DOLLAR HOME IN MARYLAND