Billionaire to New York: Screw you
Billionaire Tom Golisano, founder of Paychex, is leaving high-taxing, entrepreneur-undermining New York for Florida. He penned a kiss-off in the NYPost today:
Politicians like to talk about incentives — for businesses to relocate, for example, or to get folks to buy local. After reviewing the new budget, I have identified the most compelling incentive of all: a major tax break immedi ately available to all New Yorkers. To be eligible, you need do only one thing: move out of New York state.
Last week I spent 90 minutes doing a couple of simple things — registering to vote, changing my driver’s license, filling out a domicile certificate and signing a homestead certificate — in Florida. Combined with spending 184 days a year outside New York, these simple procedures will save me over $5 million in New York taxes annually.
By moving to Florida, I can spend that $5 million on worthy causes, like better hospitals, improving education or the Clinton Global Initiative. Or maybe I’ll continue to invest it in fighting the status quo in Albany. One thing’s certain: That money won’t continue to fund Albany’s bloated bureaucracy, corrupt politicians and regular special-interest handouts.
How did the state get to this point? By spending, spending and spending some more.
Going, going, going Galt. Who’s next?
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Trackbacks
- Obama Hasn’t Noticed People Leaving California and New York? « Peace and Freedom Promises
- UrbanGrounds » Blog Archive » Tom Golisano: Goodbye New York and Failed Democrat Policies
- The Jawa Report
- Billionaire Tom Golisano flips the bird to New York, heads to Florida | Fire Andrea Mitchell!
- Nice… Paychex founder goes Galt on New York - sort of | Radio Vice Online
- Escape from New York: Billionaire Tom Golisano Leaving NY Because of High Taxes, Gets Advice from Limbaugh « Frugal Café Blog Zone
- NY Prepares Fences for Illegal Emigrants « The Liberty Boys
- The Parable of 10 Men in a Bar « I Took The Red Pill (and escaped the Matrix)
- Going Galt In New York « Tai-Chi Policy
- More Reaction
- One-third of the millionaires have disappeared from Maryland tax rolls. « Unclemeat
- Obama Care Blog Center » Blog Archive » Tom Golisano- Paychex Founder- Tells NY No More Taxes
- Ace of Spades HQ
- Obama’s Recession: Racial Gap Growing, No End in Sight — Unemployed NYC Blacks’ Numbers Increasing at Alarming Rate « Frugal Café Blog Zone
- Biden and His Math Malarkey: “We’ve Got to Spend Money So We Don’t Go Bankrupt” (video) « Frugal Café Blog Zone
- Spin Gone Amuck: Obama vs Obama… Stimulus/Porkulus Hole Digging (video) « Frugal Café Blog Zone
- No Laughing Matter: Bureau of Public Debt Tries to Hire Cartoonist to Make Americans Forget Financial Crisis « Frugal Café Blog Zone
- Just the Beginning of Obama Budget-Busting “Big Cheese” Mayhem: RECOVERY.GOV // AWARDED: $1,562,568 FOR ‘MOZZARELLA CHEESE’ « Frugal Café Blog Zone
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Categories: Going Galt, Tea Party
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So how long before Obama outlaws interstate moves and/or imposes a massive “moving tax” on people who jump ship for tax-friendlier states?
Me. Looking to move to income-tax free NV and OUT of CA. As soon as we can find a property…
New York to Billionaire:
Have fun with all the geriatrics and chain restaurants with early bird specials.
Mr Golisano, you sir, Get it!
The sooner other citizens get it, the better.
Enjoy your life, you have earned it.
That guy is just being selfish. With his tax money, New york can end homelessness and feed all the poor. They could also veritably halt Global Warming with one felled swoop.
But nooooo, he has to “go Galt’ and selfishly keep the money he earns! What an ingrate! Doesn’t he know the government made it all possible for him to have money to begin with? I mean, it really is the government’s money anyway. They just let him use some of it.
I say the government should just tax that ingrate at 100%! He has enough already!!!
(Wow. It’s hard to be that sarcstic.)
Good for this man! Rush said the other day he is getting rid of his home in NY because of the taxes. It’s not just about the money, it is the state thinks the ‘rich’ and businesses should fund all the give aways in their state. Well, people are getting tired of it and low tax states like TX, FL, NV, etc. will just reap the rewards of these people and businesses moving. Too bad bho and team can not get it either.
L
HURRY! I left 07/27/07…now in Florida ahead of Mr. Paychex.
***
It’s like the old East Germany–smart people are voting with their feet!
***
Possibly some BERLIN STYLE WALLS are needed to keep those who fund the failing tax and spend liberal states in their democratic / liberal / socialist / marxist / communist Vahallas.
***
John Bibb
***
How long till NY just changes it tax codes to cancel out this guys tax breaks for being out of the state 184 days?
One word of warning to all you folks who want a better life in another state… Leave ALL your bad habits behind you… The influx of people moving to Arizona, to escape the CRAP LIFE in whatever state, has almost ruined Arizona… Try to refrain from saying, “WELL IN (insert state name) WE ALWAYS DID IT THIS WAY”… Remember you moved here because of “THE WAY WE DID THINGS” in whatever… Arizona has always been made up of PEOPLE FROM SOMEWHERE ELSE… We welcome ALL, just leave your “BAD HABITS” behind…
I can to the same conclusion about taxes back in 97, when I moved from Ohio to Florida.
We moved to Texas 10yrs ago from vt…..
The best move we have ever done.
Low taxes,lots of work & they keep the wack jobs in austin……..
GOD BLESS TEXAS !!!!!!!!
HEH. Next time you are in Florida, visit some place other than the old folks homes for your free dinners.
Where I live we have the BEST mexican food, he BEST Haitian food and the BEST mom and pop kithcens on the planet.
Project much?
And yet more smart productive people want to live in New York City than any other city in the world.
If we only could get the New York Post to “go Galt” and move to Florida.
OT, but did you all see that Iran successfully launched a medium range solid fuel missile that has the capability of hitting Israel and Europe? I can’t wait for dear leader to assure us this means nothing and that he will keep pressuring the Iranian government (with sanctions that never hurt the ones in power only the people of the nation being sanctioned), while restraining Israel.
Actually, some states did just that. I recall a story of a retired police officer moving from to another state because of the lower cost of living.
Afterward, the state of California sent him a tax bill for his retirement income with the justification that he earned the retirement income in California and the state expected him to pay income taxes on it once he started using it regardless of the fact he now a citizen in another state. Of course his new state expected him to pay tax on his retirement income as well.
This practice, I believe, was put to an end because of a court decision. I’m sure some states would love to bring the practice back to life.
You’re kidding, right? First of all, Golisano lives in Rochester, not NYC. Secondly, he’s a billionaire. You do know that there are a few restaurants in Florida other than the Golden Corral, yes?
This story is a great real-life example of the tenth man in the bar…
I watch the show “Cash Cab” on Discovery quite a bit. If those are the “smart productive” people you speak of, it doesn’t bode well for New York.
And, by the way, how is Paychex NOT a productive company?
I suppose Mayor Bloomberg will need to make up the difference.
When, oh when, will looney, leftwing liberals pull their heads out and realize the EVEN RICH PEOPLE LIKE TO KEEP SOME OF THEIR MONEY!
I just hope he doesn’t move any of the businesses and/or jobs he keeps in NY State. Rochester and Buffalo, in particular, don’t need any more destruction.
OTOH, I don’t blame him if he does. The press don’t ever mention just how high the NY State taxes are.
You can’t buy a pair of socks for your baby’s feet in Buffalo without paying almost 10% in sales tax. Oh, you’ll all see the lies about how the STATE sales tax is only 5% (or around there) but every county in NY adds another 4 or 5% to that. It’s insane.
Property taxes on a house in Buffalo are the same as on the same house in NJ or Connecticut, just 35 miles out of NYC. The house itself, however, is only worth 1/2 as much – so the effective tax rate is doubled.
And if you think it’s bad in Buffalo or Rochester, you really need to see the poverty of Niagara Falls, Utica, Elmira – or the huge swaths of poverty between them.
NY State is teetering on death. Decades of high taxes have pushed people like Golisano – a local boy, who has really invested in his home town – out… and torn the heart out of the economy.
California isn’t the only state that’s about to show us just what the long term effects of socialism are. NY State is a dead man walking.
Our own private East Germany…
Calm down Floridians…I have never even been to Florida. It was a joke and even if not technically accurate, it surely accurately portrays the stereotypical New Yorker’s perception and bias of such. Although it is kinda ruined if he really is from Rochester. I can’t think of a worse place in the state. Something tells me this “galt” thing is probably just an excuse to get the heck out of there.
I have it on good authority there are Red Lobsters as well.
Too bad there’s no room for them because of all the idiots.
Now that I am (voluntarily) unemployed, I plan on sustaining myself by traveling up there and seeking out the cash cab.
Oh really? Here in OR, we get our share of East Coast transplants….maybe we’re just getting the denser ones that have chosen to vacate and those smart productive ones are still there, but somehow, I’m not so easily sold on the idea…
Daniel Hannan
paraphrasing: Take a look at us America, this is what your future looks like if you follow our path. Honestly this isn’t rocket science, this is what is being perpetrated on the Citizen’s of the United Kingdom, and the United States of America. There are more of us than there are of them now holding elected office in our respective countries. I was watching Hannan on Hannity last night. The man can’t make the case any clearer of the insanity of following Great Britain than he already has. There is a blue print for what is happening to us, and he lays it out. Check the videos at the link below.
http://logisticsmonster.com/2009/05/19/the-right-stuff-too-bad-hes-a-brit/
I have to laugh at the preconceived notions of life in Florida. Where I live, we have quite a large diverse population. We have some great restaurants here: Brazilian, Italian, Thai, Indian, Middle Eastern, to name a few. I’ve lived here for 25 years and have seen many changes in that time. We used to laugh that the tumbleweeds blew down 17th Street in Ft. Lauderdale, during the summer, but now that same highway is busy all year long.
I’m not from Florida or Buffalo. I just happen to know that he owns the Buffalo Sabres and owns some of the most beautiful property in America. And a G-5 to take him wherever he wants, whenever he wants.
If he’s going to Florida, you can bet that he’s going uptown all the way…
The only flaws with that arguement are:
1. A lot of people are moving to LA now, sort of like the NY of the west coast. (For the reasons people used to want to go to NY: opportunities for success.)
2. Once the concentration of productive enterprises to work for drops in NY, the smart people will go to where the jobs and money are. And that may not be NY. (Time will tell)
And, as more and more do, it will only increase….
because fewer and fewer will be left to be soaked.
Florida isn’t bad at all. I was stationed there near Orlando almost a year. Nice weather, plenty to do.
Not an expert, but Miami appaears to be a world class city, as far as the arts, sports and fine dining.
Some states (like NY for example) already do that to military members who entered the military via the state, but are stationed in another state. That is why so many in the military change their legal residence to another state as soon as they possibly can (which is usually after they have been fleeced by their original state while in basic training).
I was going to write that such a move would be unconstitutional, and silly…
but, now…
I wonder if that applies any longer.
There sure are alot of the “smart productive people” with New York accents here in VA. In fact, its getting crowded around here, and the effect on our state’s politics is devastating. In a few years, VA will be just like NY. Then where will all the smart productive people move?
Dammit Chap, what are you doing here? Happy and I have completely hi-jacked the Sanchez thread as requested.
Why do I even bother?
Re: productive people in NYC…
…since when?
The only industry left in NYC is Wall Street, and Chauncey has already declared war on it. The days of NYC manufacturing food stuffs, musical instruments, ships, boilers, jewelry, etc. are ancient history.
You get the occassional “artisan” who makes cheese, or a piano a week, or does some basic jewelry soldering, but mass production? In NYC?
Sorry. It’s a “service economy” now, and that whole Ponzi collapses when Wall Street is outlawed by Premier Chauncey.
Tell Ben Bailey I say hello.
Contracts penned last month don’t, so why would the Constitution – penned well over two centuries ago – hold any sway or significance for Obama?
I really shouldn’t give them any ideas, though.
Had to look that up and it’s a perfect moniker for The One.
Hopefully NY will pass proposition 600A after California residents pass it.
This is the proposition that will commandeer all airlines in the state and put them into service bringing in inmates and other immigrants from 27 third world countries. The state will give each new resident a 8600 square foot home as well as immediate retirement with a golden union pension and free unlimited health care. This will be funded by taxing the lousy tea bagging ungrateful rich citizens making over 14,500 a year. Any person who votes against this proposition will be attacked as a racist redneck rich republican and taxed at 100%. California voters are expected to overwhelmingly pass this measure to prevent immediate global warming.
Neo-Fan, you forgot the catch on that one. They will be required to register as Democrats with ACORN to recieve these lifetime benefits.
Errah, New York sounds like they’ve caught a bad and fatal case of Michiganitis. God Bless . . . .
flmom,
Glad I could be of service…
NY will still go after Golisano for taxes. He owns the Sabres in Buffalo. He will be audited every year. He just put a bullseye on his back with all this press.
I think they do the same thing to Limbaugh.
Toe the line or expect extra scrutiny.
Sounds like CA. They’ve gone after people who have legitimately left the state. The franchise tax board and their weasels have also been sued because of their gestapo tactics.
Since the franchise tax board lost in that lawsuit, they’ve calmed down a bit. But if you do move, you have to make sure you move EVERYTHING…including your doctors, dentists, vets, and I mean EVERYTHING.
Yes that is spelled out in the road use amendment that stipulates ACORN/ACLU/Democrat membership to use any state road or service like drinking water.
Thanks for the clarification Truesoldier
And, lgm, no genuinely smart person would blindly allow corrupt, spend-happy, lying politicians to take more and more of the money they earn by being productive.
A SMART person will eventually realize there’s no point to working when the government is going to give a sizable portion of what you work to earn to people who neither work nor earn it.
Logic such as that trumps your real motive – feelings, intentions, and emotions – time and again.
EQ – remember this – lgm has to believe that the smart, productive people want to live in New York. If they don’t, who’s going to pay HIS salary? What about HIS job? What do you think he’ll do if the time comes when he has to find a REAL job and support himself and a thousand teat-sucking, let-the-government-support-me ACORN/ACLU/Democratic welfare recipients?
My take away:
The man could have just quietly moved out. Instead he chose to publish why, pointing out the dreadful result of more and more taxes. Certainly won’t make him any friends in the capitol. I say good for him. Keep hitting the roaches with the light.
When the Libs are the only ones left in these oppressed states, they will have to make up the tax bill..similarily like Kalifornia… When this happens they will jump ship too, unless they are a high ranking Kommisar or a member of Obama’s national army and are taken care of by the STATE. When politics hits everyones (the LIBS) wallet then we will see how much these people are for Obamanation!
Coming very soon with the expiration of the Bush tax cuts…
Love it, love it, Love It!
It’s high time that these fools in public office realize that they can’t control where we live, what we make, how hard we are willing to work and how much we spend. They can’t force us to own homes. We don’t need people in public office who have never had a private sector job. For the first time in their adult lives, I hope they are scared.
Good luck with that! Isn’t THAT what we want immigrants to this country do? THAT they do it our way? Oh no, the immigrants, some legal, most illegal, want to transform the United States to their way of doing things. They do not even want to learn English.
Even those born here, who for some reason identify themselves as to their “ethnicity” rather than nationality, do not want to conform with the norms of the place they chose to reside in. E.g.: Dark people insist to be called African-Americans, make up some silly African holidays to celebrate and impose on others. Most Muslims practice Sharia law. They defy our rules, form enclaves where they are left on their own, impenetrable by “outsiders.” Sharia law is on its way to full implementation, what with the “tolerant” Left not wanting to hurt feelings of people who are “different” from us. Formerly clean and
Supposedly those who migrated here are escaping the crap in their previous place of abode. Yet they want to impose what they escaped to the rest of us already here.
Sigh!
I knew we should have aborted those pot smoking monkeys before they evolved into liberals.
Pray for us, happy.
Beat the lynch mob to the door, huh?
Excellent comment. Well done.
Two groups can take money from you by force:
1) Criminals
2) The government
The more money that is taken from you, the less freedom you have.
When the government takes 0%, you have total freedom, but you also have total anarchy because there is no government.
When the government takes 100%, you have no freedom at all… you are a slave of the state.
Government is always (less efficient / more wasteful) than free market enterprises in meeting human needs.
The greater the percentage of income that the government takes, the greater the poverty. That is universally true. Look at any part of the world where a geography was split into one part capitalist and one part socialist/communist.
Look at West vs. East Germany.
Look at South vs. North Korea.
Look at Hong Kong vs. the rest of China.
Socialism sounds altruistic at first, but it invariably leads to greater poverty.
JD,
How’s the new baby boy doing?
John:
LOL! Damn that was a good one. No sh|t, actually chortled at my desk here. Bravo.
Fantastic. He’s nice and quiet. Very rarely fusses and when he does he’s quiet about it and stops quickly.
John:
You just had a son? Congrads! Mine’s only days away at this point.
Aw man. Why didn’t he send the letter to the Times? Or maybe he did…and they didn’t print it…
Thank you.
Your whole world’s about to change. For the better.
Best of luck to you and Mrs. zeroangel
John:
Thank you! Best to you and yours as well!
Grandbaby #3 days away here! Grandkids are the best!
zero,
Let us know when the grand event takes place.
Soap:
Will do. The doc says she is full-term currently (like 39 wks) so it could be anytime now.
Congrads WRT to your grandkid.
Good luck.
EQ et al.:
Thank you!
Capitalism >> Communism
He’d better watch out. Rush pointed out how New York audits him constantly just to harass him politically. New York wants money, and they’re not going to let it go easily.
Congratulations! Make sure to show up right before bedtime with candy and toys(preferably a drum set).
I wonder if they net a dime out of that process…
Yeah, and he’ll end up bringing his “progressive” views to Florida and screwing us up to. New York got the way it is because people like him didn’t stand up and say no. They wanted all the “compassionate support services for the illegals,” the taxpayer funded medical care for “the children” no matter how old they are, the “no smoking in bars, no transfats, no guns, no driving while smoking” and all the rest.
So now he will bring his attitudes here and then 10 years from now will wonder how Florida got messed up. Its happening in Colorado, Nevada, Arizona with people bailing out of California because they screwed it up and they bring their “progressive” ideas with them and wonder why Colorado isn’t the way they remember it.
The problem isn’t government, its liberals who like government.
Probably not. Rush pays about $20000 per day for the time he spends in NY. The huge amounts of documentation they demand to verify his absence(!) from the state would take far more manhours than that just to work their way through. As he said, it’s just harassment.
He has a thing for women with blue hair.
How did they end up in Silicon Valley?
He’ll raise the average income and IQ of Palm Beach by about 10%, and double the total number of non-liberals.
I eat their last bag of chips, drink their last soda, leave a half ounce of milk/juice in the carton and leave every light on in the house too! Oh, and I flush stuff down their toilet too! LOL
Ditto!!!
I don’t think many of them are capable of grasping the truth.
Welcome to Florida Mr. Golisano!
Unfortunately that statement is the truth. If there were no requirement for employers to withhold taxes (and do all of the reporting thereof) a service like PAYCHEX would not be needed.
You see, in good sarcasm one always finds a grain of truth. I wasn’t thinking that, but you’re absolutely right. It even goes to awarding benefits and accounting for 401(k) contributions, all of which are made more difficult due to government tax actions.
Assuming that is true, what was your reason for moving there?
He loves being terrified by Air Force 1.
And then where would New Yorkers be able to get ACCURATE news? HUMMMM??
/sarc off
A couple of decades ago (if I remember correctly) New York City tried to use the environmental laws to prevent businesses from leaving. This idiocy of the left was quickly stopped when someone pointed out the obvious – that the application of this law would also prevent businesses from moving into NYC. Liberals never get it. They are just too emotionally driven to understand anything beyond the immediate bumper sticker sets of ideas.
Now that’s funny, I don’t care who you are…
Make your voice heard! Protest socialized medicine!
http://redistributingknowledge.blogspot.com/2009/05/action-alert-fight-socialized-medicine.html
LGM, other than affording you yet another opportunity to categorize and subdivide people into classes – smart vs. low achiever, productive vs. inert – was there really any point to this post?
Aren’t your politics supposed to be about not labeling people and providing for an inclusive, non-judgmental society?
I just got home and read this thread. I have been missing a really interesting topic!! I just wanted to add my best wishes to John Deaux and Zero on their new babies. What a blessing they are!! Just had my third grandson 3 weeks ago. When he lays his head on my shoulder and his fuzzy hair tickles my neck, I am a puddle!! And, on-my-soap-box, blessings to you too on your grandchild. Now, we just have to make sure they are all raised as conservatives and we must teach them the history of our country that they won’t be learning in public schools!!
If lgm thinks NY is a paradise, he/she should look at the real estate listings around here. In my town on Long Island alone, there are approximately 100 homes for sale with more going up every day. Everyone I know wants to get the hell out of this state. I’m presently shopping for land in Oklahoma or Texas (Sovereign States) where people mind their own damned business, and so does the state government.
NYC can burn to the ground for all I care – and take its welfare feeding cretins with it. Wall Street too, for that matter.
If he supports the Clinton Global Initiative then I think it’s safe to assume that he’s a Democrat and part of the problem. He’s one of the damn fools that keeps putting Democrats in office. Now he’ll move to FL and vote the same way.
Is that right? Any stats to prove it. While you are at please prove that it is not one of the most corrupt cities. Also prove that there are not more on the dole than any other city.
LGM you are such a tool,,,,,
do note from the NY Times
The New Teacher Project, which estimates that the city has been paying $81 million over two years in salaries and benefits for teachers who have not been able to find permanent jobs.