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(1010WINS)   New York discovers that if you tax the hell out of the rich, they will use their money to move to someplace that doesn't   (1010wins.com) divider line 330
    More: Obvious, state budgets, New-York, business taxes, deep pockets, Buffalo Sabres, Albany, state income taxes, Donald Trump  
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16230 clicks; posted to Main » on 24 Sep 2009 at 2:20 AM   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2009-09-23 10:58:50 PM
I believe California has found out the same thing. And every company in Europe that moved to Ireland in the last decade or so, they figured it out also.

But hey, higher taxes raise revenue.

It's a proven fact. As long as those higher taxes are on the "rich." Nothing to see here.
 
2009-09-23 11:21:47 PM
Prediction: Fark's liberals won't be able to understand this.
 
2009-09-23 11:27:28 PM
They've been taxing the hell out of me since 1981. Probably the reason I can't afford to move. The Cuomo commuter tax was the best, they would would tax my wife's income who worked in Jersey along with my income.
/Jersey commuter
//Jersey taxes are sooo much lower....a yeah
 
2009-09-23 11:59:31 PM
AlwaysRightBoy: They've been taxing the hell out of me since 1981. Probably the reason I can't afford to move. The Cuomo commuter tax was the best, they would would tax my wife's income who worked in Jersey along with my income.
/Jersey commuter
//Jersey taxes are sooo much lower....a yeah


From your profile I'd guess that you work on Madison Avenue. You could move somewhere without state income taxes, like Texas. But good luck getting a job on Madison Avenue in Texas.
 
2009-09-24 12:05:55 AM
Sid_6.7: But good luck getting a job on Madison Avenue in Texas.

True, most companies don't understand the concept of tele-commute. You have to be physically be there to be paid. Unless you contract yourself out, it's tough to get an employer to understand the concept of working on a job, not working for time.
 
2009-09-24 01:02:48 AM
Gato Negro: Prediction: Fark's liberals won't be able to understand this.

Prediction: You'll try to compare this to the federal tax rate which covers you no matter where the f*ck you live. You'll confuse state taxes with federal taxes and pretend you have any idea what you are talking about.

Furthermore, you'll try to force a Mugabe comparison to Obama somehow.
 
2009-09-24 01:17:02 AM
Sid_6.7: AlwaysRightBoy: They've been taxing the hell out of me since 1981. Probably the reason I can't afford to move. The Cuomo commuter tax was the best, they would would tax my wife's income who worked in Jersey along with my income.
/Jersey commuter
//Jersey taxes are sooo much lower....a yeah

From your profile I'd guess that you work on Madison Avenue. You could move somewhere without state income taxes, like Texas. But good luck getting a job on Madison Avenue in Texas.


Yeah, but ever since he threw that office party, and his secretary ran over that guy's foot with the lawn tractor...
 
2009-09-24 01:32:00 AM
The state's wealthiest pay new higher income tax rates, higher taxes for limousines and yachts, more to enter a horse in a race and more to dabble in real estate.

I wonder what the tax rate is on a small violin.
 
2009-09-24 01:50:14 AM
The best part of this is acording to the article I am no longer a "rich" New Yorker. That's awesome because during the entire Obama campaign I was shamed endlessly for the crime of paying an absurd ammount of taxums. (even tho I voted for him)

Now I can stay.
 
2009-09-24 02:25:19 AM
Gato Negro: Prediction: Fark's liberals won't be able to understand this.

I understand it: Rich people are farking greedy.
 
2009-09-24 02:26:10 AM
That's why the federal government should pass a law equalizing all state income taxes. That way nobody could get away with this kind of thing. And there should be a fee exponentially related to your net worth if you move to another country with lower taxes. All that money could then be returned to the people the rich had to step on to get rich.
 
2009-09-24 02:28:02 AM
NewportBarGuy: Gato Negro: Prediction: Fark's liberals won't be able to understand this.

Prediction: You'll try to compare this to the federal tax rate which covers you no matter where the f*ck you live. You'll confuse state taxes with federal taxes and pretend you have any idea what you are talking about.

Furthermore, you'll try to force a Mugabe comparison to Obama somehow.


Because federal taxation in NO WAY impacts businesses in a negative manner. I mean sure it may be cheaper to open a factory elsewhere and ship goods in, but that doesn't mean jobs are going overseas, right? We just need to get more regulation on the actual production sector.
 
2009-09-24 02:31:25 AM
RamblinReck89: That's why the federal government should pass a law equalizing all state income taxes. That way nobody could get away with this kind of thing. And there should be a fee exponentially related to your net worth if you move to another country with lower taxes. All that money could then be returned to the people the rich had to step on to get rich.

You are so trollolisious!!!

www1.istockphoto.com
 
2009-09-24 02:33:19 AM
YAY another thread where everyone's an economist! :D

These are my FAVE!
 
2009-09-24 02:33:53 AM
Or you get the living hell beat out of you physically and financially and taxed into lower income brackets so you can't escape. That would be a welcome to florida sign.
 
2009-09-24 02:34:20 AM
RamblinReck89: That's why the federal government should pass a law equalizing all state income taxes. That way nobody could get away with this kind of thing. And there should be a fee exponentially related to your net worth if you move to another country with lower taxes. All that money could then be returned to the people the rich had to step on to get rich.

*poke* *poke*

hmm...it kinda looks like a troll....
 
2009-09-24 02:34:34 AM
RamblinReck89: That's why the federal government should pass a law equalizing all state income taxes. That way nobody could get away with this kind of thing. And there should be a fee exponentially related to your net worth if you move to another country with lower taxes. All that money could then be returned to the people the rich had to step on to get rich.

On the off chance this isn't a troll:
How is this fair to all the people (rich and poor) who live in states with no state income tax?
 
2009-09-24 02:37:44 AM
we have to cut spending. and we're going to have to raise taxes. But mostly, we have to cut spending. And everyone is going to lose funding for something they like - defense, social security, tax breaks on protected businesses, farm subsidies. Everyone is gonna have to take a bite of the shiat sandwich. Everyone. No exceptions.

*sigh*

But we're not going to do that. Because D.C. isn't about fixing problems and balanced budgets. the ruling party will protect their special projects and shaft the part that's out of power. which won't actually solve any of our problems, but that's how it goes. We're rapidly reaching a point in our fiscal cycle were this sort of activity just isn't sustainable any more. the money just won't be there. And that is when things will become very, very interesting indeed.
 
2009-09-24 02:40:05 AM
The rich people leave, so logically we should be taxing the poor because either they can't leave or they will leave. Either way a win-win. And we should take those taxes from the poor and use them to pay the rich and companies to come in an stay.

This is what paying too many taxes will do to you:

celebgalz.com
 
2009-09-24 02:42:33 AM
ozarkmatt: I believe California has found out the same thing. And every company in Europe that moved to Ireland in the last decade or so, they figured it out also.

But hey, higher taxes raise revenue.

It's a proven fact. As long as those higher taxes are on the "rich." Nothing to see here.


As a Californian, I say this.

9.55% of your income over ~40k in CA. On top of federal income tax rape.
 
2009-09-24 02:43:51 AM
I'm poor, so I don't give a shiat.
 
2009-09-24 02:43:59 AM
A couple of quotes from Neal Boortz, my favorite equal-opportunity offender:

"Let's assume, though, that this "rich get richer" bit is true. For some of the rich, it is true. Why? Because they keep doing the things that made them rich in the first place. Ditto for the poor. The rich keep saving their dollar bills, while the poor keep spending theirs."

"The poor are not the "less fortunate." They are instead, the "more irresponsible." They put themselves there, and they drag their children into that status with them. They are the "less prepared," the "less diligent," and the "less able." They weren't unlucky. They did it to themselves."
 
2009-09-24 02:44:00 AM
Take from the producers and give to the leeches. It's the democrat way.

Hell, it worked for Lenin, right..right?
 
2009-09-24 02:45:59 AM
This is farking HORSESHIOT. 13k a day, and he's balking at what type of increase? They dont say. NO SHIOT they dont say, because they are just going to pay anyway. Good Luck peddling your tripe to those saps in Bumfark, USA guys. Really. We're supposed to feel sorry for these people? F this. Stupid farking idiots.
 
2009-09-24 02:46:53 AM
Weaver95: we have to cut spending. and we're going to have to raise taxes. But mostly, we have to cut spending. And everyone is going to lose funding for something they like

Luckily for me, there isn't much that gets Federal or State funding that I like, so I'll be fine. Sucks for the rest of you, though. I really hope our system can't take the blow that is about to fall. I expect it'll be a lot more satisfying to be a libertarian in an anarchic country than it is being a libertarian in a Communist country. Might be a shorter life, but it'll be a lot better while it lasts.
 
2009-09-24 02:47:10 AM
FTFA: "media mogul Rush Limbaugh became ex-New Yorkers this year"

/And there was much rejoicing
 
2009-09-24 02:48:52 AM
Just another reason why I left NY. That plus NY is just a shiathole...
 
2009-09-24 02:49:15 AM
MilesTeg: Take from the producers and give to the leeches. It's the democrat way.

Hell, it worked for Lenin, right..right?


Uh oh, you used Randian terminology, prepare for the deluge.

/they won't care that you're correct.
//From each according to what we can take, to each according to the least we must grudgingly give, the rest to the Party
 
2009-09-24 02:50:09 AM
Tax the poor. Feed the poor. 'Till there are no, poor no more.
 
2009-09-24 02:52:03 AM
Bill in Little Rock:
"The poor are not the "less fortunate." they drag their children into that status with them. ... They did it to themselves."


lol.. this guy is so retarded he disproves his own statement.. you're not unfortunate, sure, your parents dragged you down into poverty, but, hey you did it to yourself
 
2009-09-24 02:54:26 AM
I swear a story with this EXACT headline was greenlit a while ago.
 
2009-09-24 02:54:48 AM
We JUST went through this with the exact same article, but referring to New Jersey. It might have even been from 1010Wins. Come ON guys, are your memories that short? That one and only piece of evidence supporting the assertion is that tax rolls are smaller this year than last. NO SHIAT SHERLOCK, between last year and now the whole world went through a major depression and is just starting to bottom out of it! You guys are such gullible pussies.
 
2009-09-24 02:57:13 AM
Well, at least real estate prices might actually be sane in NYC again.
 
2009-09-24 02:57:40 AM
foxyshadis: We JUST went through this with the exact same article, but referring to New Jersey. It might have even been from 1010Wins. Come ON guys, are your memories that short? That one and only piece of evidence supporting the assertion is that tax rolls are smaller this year than last. NO SHIAT SHERLOCK, between last year and now the whole world went through a major depression and is just starting to bottom out of it! You guys are such gullible pussies.

Except it's been happening to California since the end of the dot com boom/start of the housing bubble, and it's resulted in what is now called "middle class flight" because the top marginal tax rate is so high for being such a low threshold.
 
2009-09-24 02:59:03 AM
frizzantik: Bill in Little Rock:
"The poor are not the "less fortunate." they drag their children into that status with them. ... They did it to themselves."

lol.. this guy is so retarded he disproves his own statement.. you're not unfortunate, sure, your parents dragged you down into poverty, but, hey you did it to yourself


yeah, I thought that would come out as trolling. Listen to Neal long enough and he'll make you turn off the radio in disgust. Other times, he is right and most of the time just funny and offensive.
 
2009-09-24 02:59:17 AM
foxyshadis: We JUST went through this with the exact same article, but referring to New Jersey. It might have even been from 1010Wins. Come ON guys, are your memories that short? That one and only piece of evidence supporting the assertion is that tax rolls are smaller this year than last. NO SHIAT SHERLOCK, between last year and now the whole world went through a major depression and is just starting to bottom out of it! You guys are such gullible pussies.

It was Maryland, from the WSJ.

And now I bet I'll be called a government tax-and-spend toady, despite being a working professional who thinks taxes are too high.
 
2009-09-24 03:01:12 AM
foxyshadis: We JUST went through this with the exact same article, but referring to New Jersey. It might have even been from 1010Wins. Come ON guys, are your memories that short? That one and only piece of evidence supporting the assertion is that tax rolls are smaller this year than last. NO SHIAT SHERLOCK, between last year and now the whole world went through a major depression and is just starting to bottom out of it! You guys are such gullible pussies.

You must not have read the article. Either that, or you have absolutely no idea what the word "evidence" means. There are some direct quotes from people stating they are leaving over this. What do you call direct quotes? Smart people call them "evidence". Now, if you want to debate the persuasiveness of the evidence, or the quality, that's fine. But claiming that there isn't any is just plain dumb. Anyone who RTFA knows you're wrong.
 
2009-09-24 03:01:45 AM
Boortz is 'equal-opportunity'??
 
2009-09-24 03:02:49 AM
MilesTeg 2009-09-24 02:44:00 AM
Take from the producers and give to the leeches. It's the democrat way.

Hell, it worked for Lenin, right..right?


well, he was poor all his life, even had to get the Germans to give him a free lift to Russia during the revolution...

/great more there Germany by the way..
 
2009-09-24 03:03:38 AM
12349876: Gato Negro: Prediction: Fark's liberals won't be able to understand this.

I understand it: Rich people are farking greedy.


And the prophecy comes full circle.....

That is true, though.
 
2009-09-24 03:03:43 AM
NewportBarGuy: Gato Negro: Prediction: Fark's liberals won't be able to understand this.

Prediction: You'll try to compare this to the federal tax rate which covers you no matter where the f*ck you live. You'll confuse state taxes with federal taxes and pretend you have any idea what you are talking about.

Furthermore, you'll try to force a Mugabe comparison to Obama somehow.


I think you just proved his point quite nicely. Sad but true - the "oh snap" image is appropriate here.

Hint: (I'm gonna give you a free one.) There is more to the planet than the United States of America.

However, you prove his point perfectly. I don't even LIKE him or agree with much of what he says but you, my good sir, are responsible for putting him on my favorite's list.
 
2009-09-24 03:05:36 AM
Bill in Little Rock: A couple of quotes from Neal Boortz, my favorite equal-opportunity offender:

"The poor are not the "less fortunate." They are instead, the "more irresponsible." They put themselves there, and they drag their children into that status with them. They are the "less prepared," the "less diligent," and the "less able." They weren't unlucky. They did it to themselves."


Stupid statement. I was working just fine up until mid October of last year. Most of the people I work for make over $250k a year. It was like someone flipped a switch, and now I am unemployed. Now what happened around that time last year? Perhaps it was a certain someone running for president and his poll numbers shot up, making it clear he would be elected. (Well not perhaps, the people I worked for told me so.) I didn't choose poverty, it was forced on me.

But I wasn't unprepared. I've been preparing for several years now by reducing my need for money. I have solar panels (enough for lights and tv), big garden, lots of land to hunt on, wood stove with plenty of trees for fuel, an ethanol distillery, paid off house etc. So I am technically poor, but will survive just fine (a part time job at walmart pays what few bills I have, plus some). In short, I knew there was a bubble that was going to burst sooner or later. And sooner or later, those dollar bills aren't going to be worth the paper they are printed on. Won't effect me too much tho.

/Got plenty of guns and ammo
//When the time comes, I don't care you didn't properly prepare, Mr Boortz...I don't care that you are starving...take your worthless paper and get off my land.
 
2009-09-24 03:08:19 AM
the_chief: Tax the poor. Feed the poor. 'Till there are no, poor no more.

I'd love to change your lyrics, but I don't know what you're trying to do.
 
2009-09-24 03:12:27 AM
foxyshadis: foxyshadis: We JUST went through this with the exact same article, but referring to New Jersey. It might have even been from 1010Wins. Come ON guys, are your memories that short? That one and only piece of evidence supporting the assertion is that tax rolls are smaller this year than last. NO SHIAT SHERLOCK, between last year and now the whole world went through a major depression and is just starting to bottom out of it! You guys are such gullible pussies.

It was Maryland, from the WSJ.

And now I bet I'll be called a government tax-and-spend toady, despite being a working professional who thinks taxes are too high.


You government tax-and-spend toady.

/there, got it over with.
 
2009-09-24 03:13:08 AM
untaken_name: foxyshadis: We JUST went through this with the exact same article, but referring to New Jersey. It might have even been from 1010Wins. Come ON guys, are your memories that short? That one and only piece of evidence supporting the assertion is that tax rolls are smaller this year than last. NO SHIAT SHERLOCK, between last year and now the whole world went through a major depression and is just starting to bottom out of it! You guys are such gullible pussies.

You must not have read the article. Either that, or you have absolutely no idea what the word "evidence" means. There are some direct quotes from people stating they are leaving over this. What do you call direct quotes? Smart people call them "evidence". Now, if you want to debate the persuasiveness of the evidence, or the quality, that's fine. But claiming that there isn't any is just plain dumb. Anyone who RTFA knows you're wrong.


That's not evidence. That's called anecdote, they may just as well be biatching but will chicken out; how many folks were interviewed who actually had left? One. How many people said they were going to leave the US after Bush was elected, how many actually did? So how many have moved out of NY because the easy money from the banking empires isn't rolling in anymore and profits are tighter all around? No, you just blame it all on taxes.

California's slumps were easy to explain: The jobs dried up, the people left to find jobs. (Just like its booms are just as easy to explain.) People claimed California's tax rates had killed the state in the early 90's, when it was just dozens of military bases closing. Then the dot-com boom saved the state.
 
2009-09-24 03:13:41 AM
Atheist_Republican: re everyone's an economist! :D

These are my FAVE!


And who woulda thunk it? The nations brightest economists are on fark at 2 AM. So that's where they've been!
 
2009-09-24 03:13:58 AM
Well, other "someplaces" should close the loophole.

Nowhere to run = nowhere to hide.

/Rich have been doing it to the poor for centuries.
//That'll keep 'em in New York.
 
2009-09-24 03:15:30 AM
One more report on New York where the writer couldn't be bothered to talk to anybody but the usual suspects...and only one person from outside the NY metro.

The issue isn't that people are leaving now...it's that they've been doing it for 40 years because New York long ago became the place where a majority of voters know they have the numbers to keep voting themselves goodies at others' expense.

The taxes are bad enough, but it's the spending that's worse.
 
2009-09-24 03:17:11 AM
spurred several of his millionaire pals to talk about leaving.

Wow, they were driven all the way to the point of talking about it... scary.
 
2009-09-24 03:17:49 AM
SoxSweepAgain: Well, other "someplaces" should close the loophole.

Nowhere to run = nowhere to hide.

/Rich have been doing it to the poor for centuries.
//That'll keep 'em in New York.


Except "other" states will surely have less onerous rates just to get the high rollers to move.....any sports teams move from your area? (one of my all time pet peeves, publicly subsidized stadiums)
 
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