Wednesday, September 29, 2010

dude would have paid $13,800 PER DAY in income taxes to New York State? wow...

A nice little anecdote from John Stossel at TownHall.com on New York billionaire Tom Golisano...

With $3,000 and one employee, he started a business that processes paychecks for companies. He created 13,000 jobs.

Then New York state hiked the income tax on millionaires.

"It was the straw that broke the camel's back," he says. "Not that I like to throw the number around, but my personal income tax last year would've been $13,800 a day. Would you like to write a check for $13,800 a day to a state government, as opposed to moving to another state where there's no state income tax or very low state income tax?"

He established residence in Florida, which has no personal income tax.

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