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New York poised to hike taxes on millionaires, Wall Street

Posted on 4/6/21 at 1:43 pm
Posted by Auburn1968
NYC
Member since Mar 2019
19514 posts
Posted on 4/6/21 at 1:43 pm
NY State and NYC have an economic death wish. Florida says "Come on down!"

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New York poised to hike taxes on millionaires, Wall Street

quote:

The state would temporarily establish two new personal income tax brackets: 10.3% of income for income between $5 million and $25 million, and 10.9% for income over $25 million. The new rates would expire at the end of 2027. Rates would also increase to 9.65% (from the current levy of 8.82%) for individuals earning more than $1 million.


LINK fox business
Posted by IslandBuckeye
Boca Chica, Panama
Member since Apr 2018
10067 posts
Posted on 4/6/21 at 1:45 pm to
quote:

The new rates would expire at the end of 2027

Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11106 posts
Posted on 4/6/21 at 1:45 pm to
No worries. New federal tax laws from the Biden Admin will offset any rate changes by the state. Lock of the century.
Posted by BugAC
St. George
Member since Oct 2007
52796 posts
Posted on 4/6/21 at 1:46 pm to
New York is already dead. This just shovels the last pile of dirt on the coffin. New York will never be what it was. Florida, on the other hand, is the new financial capital of the United States.
Posted by ronricks
Member since Mar 2021
6693 posts
Posted on 4/6/21 at 1:49 pm to
quote:

Florida says "Come on down!"


This will not be good for Florida. These New Yorkers aren't going to start voting Republican.
Posted by HubbaBubba
F_uck Joe Biden, TX
Member since Oct 2010
45767 posts
Posted on 4/6/21 at 1:49 pm to
For someone earning $5 million a year, that would pay for a $2 Million house in Texas in only four years. Just saying' if any of ya'll OT types are interested, Texas has a lot of land!
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
73740 posts
Posted on 4/6/21 at 1:50 pm to
Florida will be the new wall street
Posted by Eli Goldfinger
Member since Sep 2016
32785 posts
Posted on 4/6/21 at 2:15 pm to
quote:

The new rates would expire at the end of 2027


Oh boy
Posted by xxTIMMYxx
Member since Aug 2019
17562 posts
Posted on 4/6/21 at 2:20 pm to
I highly doubt that most are liberals.
Posted by TrueTiger
Chicken's most valuable
Member since Sep 2004
67941 posts
Posted on 4/6/21 at 2:21 pm to
quote:

10.9% for income over $25 million



if 10.9% is good, wouldn't 99% be even better?


Posted by ODP
Conroe
Member since Oct 2015
1938 posts
Posted on 4/6/21 at 2:33 pm to
quote:

This will not be good for Florida. These New Yorkers aren't going to start voting Republican.


Dumb arse yankees forget about this while they are voting in FLorida. It's utter lunacy. Leave high arse taxes only to vote in more morons who want to raise taxes.
Posted by Ross
Member since Oct 2007
47824 posts
Posted on 4/6/21 at 2:34 pm to
quote:

temporarily
Posted by Gatorbait2008
Member since Aug 2015
22953 posts
Posted on 4/6/21 at 3:17 pm to
Florida is fricked.

Our real estate market is absurd right now from rich yankees coming down. Would be nice..but these stupid fricks bring their political beliefs with them.

How dumb do you have to be to leave somewhere because the left made it unlivable..only to continue to vote left in the place you moved to escape their policies.

fricking frick. Just keep your stupid liberal asses up North and away from our polls.
Posted by TOSOV
Member since Jan 2016
8922 posts
Posted on 4/6/21 at 7:56 pm to
quote:

Florida is fricked.


I know Desantis is pushing a lot thru, but y'all better start getting super proactive quick by putting in laws now that won't be changed.
Posted by FATBOY TIGER
Valhalla
Member since Jan 2016
8908 posts
Posted on 4/6/21 at 8:15 pm to
quote:

Texas has a lot of land!


No it doesn't.
Posted by hottub
Member since Dec 2012
3338 posts
Posted on 4/6/21 at 8:18 pm to
quote:


This will not be good for Florida. These New Yorkers aren't going to start voting Republican.




Will California, Illinois, New York, etc. starting turning red as their “woke” white liberals flee to Florida, Texas, etc. ?
Posted by BiteMe2020
Texas
Member since Nov 2020
7284 posts
Posted on 4/6/21 at 8:20 pm to
NY is paying $2.1 billion to 187,000 illegal aliens for muh COVID.



Clown World
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
260576 posts
Posted on 4/6/21 at 8:23 pm to
quote:

New federal tax laws


I read that as fedora
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