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Getbig Main Boards => Politics and Political Issues Board => Topic started by: Soul Crusher on May 17, 2009, 08:13:29 AM
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Golisano cites high taxes as reason for move to Florida
Joseph Spector • and Diana Louise Carter • May 15, 2009
Rochester-area billionaire Tom Golisano said he's had enough of New York's high taxes and is changing his residency to Florida — where he figures he'll save a stunning $13,800 each day in personal income taxes.
"I can put that money to a lot better use, whether it be charitable contributions or even to try to change the system," the Paychex Inc. founder and three-time gubernatorial candidate told reporters after delivering a speech Thursday at the Hyatt Regency.
Golisano, 67, owns a home in Naples, Fla., where he already spends three or four months a year, and said he had considered changing his residency for some time. But after the new state budget increased income taxes on the wealthy, "It was a very quick decision."
Changing his residency to Florida, one of seven states with no personal income tax, will save him at least $5 million a year, he said. Forbes magazine last year listed Golisano's wealth at $1.7 billion.
To qualify as a nonresident of New York, even though he will continue to own property and collect income here, Golisano will have to be out of the state at least 184 days a year.
He said the move won't impact his philanthropic efforts in western New York, his ownership of the Buffalo Sabres hockey team or his political activities. He's also still chairman of the board of Paychex, the Penfield-based business services company, though he retired as CEO in 2004.
Golisano said he planned to retain a house in Mendon but would likely sell one on Canandaigua Lake.
Being in Florida several months a year hasn't hampered his commitment to Bishop Kearney High School, said school president Donna M. Dedee. Golisano gave $5 million to the Catholic school and has been directly involved in helping to upgrade it.
"Tom has consistently given with his financial gifts and intellectual capital," Dedee said. "That vision doesn't change."
Dedee noted that Rochester is Golisano's hometown. "He still cares about us and that won't change with geography."
Last year, Golisano started Responsible New York, a political action committee that gave heavily to candidates running for state office.
Golisano has been vocal in calling out state leaders for not curbing spending, and he said Thursday that Gov. David Paterson and legislative leaders are beholden to special interests.
He said Paterson talked tough about holding down spending, but "when push came to shove, he caved" because he approved a budget that increases state spending by nearly 9 percent. The budget also increased income tax rates on New Yorkers who make more than $250,000 a year, with a higher bracket for those making more than $500,000.
New York has the highest combined local and state taxes in the nation. Golisano said he expects other wealthy New Yorkers to leave.
"The state has to develop a spending attitude that will make it competitive with the rest of the country," he said.
JSPECTOR@Gannett.com
DCARTER@DemocratandChronicle.com
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This is the natural and predictable result of Democrat/Liberal fiscal policies coming to fruition.
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This is the natural and predictable result of Democrat/Liberal fiscal policies coming to fruition.
Come to Florida. It's very nice here.
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This is the natural and predictable result of Democrat/Liberal fiscal policies coming to fruition.
Come to Florida. It's very nice here.
I am looking at it.
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This is the natural and predictable result of Democrat/Liberal fiscal policies coming to fruition.
Come to Florida. It's very nice here.
My office is in Florida and my residency... even though im not in FL a ton....No state tax...
33333... NY taxes arent going UP... they have always had State, City, County etc...
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My office is in Florida and my residency... even though im not in FL a ton....No state tax...
33333... NY taxes arent going UP... they have always had State, City, County etc...
I grew up here, my family is here, my business and clients are here, my friends are here, etc etc. I am as NY as they get.
I am trying to diversity my client base as most are in NYC metro area and expand out to Florida as well.
NYC is becoming just too much. Too congested, too expensive for what you get for your $$$. Dont get me wrong, I make good money, but it just doesnt go anywhere compared to many other places.
I know I would love the climate of Florida, but I dont know if I would get along that well with the people living there.
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there is trash here, but they are lazy trash, if that makes sense.
most poor/trash stay in their trailer or apartment, zoned out on oxycodone. Too lazy to sit on street corner hustling, etc.
A state without ambition, in many ways. major automakers thought about setting up a plant here but declined, as the worker base was inadequate.
if you can work nationally, FL is great. Locally, service sector is sapped, construction is frozen, and tourism is way down. VERY depressed local economy. a LOT of people are out of work. But you'll get a house cheap - if you don't mind your neighbor being a $600 month flophouse rental or section 8 govt housing, whereas they give a 2100 foot 4 BR house to some welfare mom for 8 bucks a month.
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Whatever you do... don't move to CA.
The whole CA vision is pure fantasy.
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there is trash here, but they are lazy trash, if that makes sense.
most poor/trash stay in their trailer or apartment, zoned out on oxycodone. Too lazy to sit on street corner hustling, etc.
A state without ambition, in many ways. major automakers thought about setting up a plant here but declined, as the worker base was inadequate.
if you can work nationally, FL is great. Locally, service sector is sapped, construction is frozen, and tourism is way down. VERY depressed local economy. a LOT of people are out of work. But you'll get a house cheap - if you don't mind your neighbor being a $600 month flophouse rental or section 8 govt housing, whereas they give a 2100 foot 4 BR house to some welfare mom for 8 bucks a month.
Rob, as long as you have your 9mm, none of this matters.
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Rob, as long as you have your 9mm, none of this matters.
Honestly I think he should switch to the 40 cal but that's just me. ;)
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Honestly I think he should switch to the 40 cal but that's just me. ;)
I still have about 250 rounds of Gold Dots for my 40, can't shoot them at the indoor range. :(
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I still have about 250 rounds of Gold Dots for my 40, can't shoot them at the indoor range. :(
Why not try them out in the local Mosque? ;)
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Honestly I think he should switch to the 40 cal but that's just me. ;)
Agreed.
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lol i outgrew 9 mm about 5 years ago
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Whatever you do... don't move to CA.
The whole CA vision is pure fantasy.
:'(
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Golisano cites high taxes as reason for move to Florida
Joseph Spector • and Diana Louise Carter • May 15, 2009
Rochester-area billionaire Tom Golisano said he's had enough of New York's high taxes and is changing his residency to Florida — where he figures he'll save a stunning $13,800 each day in personal income taxes.
"I can put that money to a lot better use, whether it be charitable contributions or even to try to change the system," the Paychex Inc. founder and three-time gubernatorial candidate told reporters after delivering a speech Thursday at the Hyatt Regency.
Golisano, 67, owns a home in Naples, Fla., where he already spends three or four months a year, and said he had considered changing his residency for some time. But after the new state budget increased income taxes on the wealthy, "It was a very quick decision."
Changing his residency to Florida, one of seven states with no personal income tax, will save him at least $5 million a year, he said. Forbes magazine last year listed Golisano's wealth at $1.7 billion.
To qualify as a nonresident of New York, even though he will continue to own property and collect income here, Golisano will have to be out of the state at least 184 days a year.
He said the move won't impact his philanthropic efforts in western New York, his ownership of the Buffalo Sabres hockey team or his political activities. He's also still chairman of the board of Paychex, the Penfield-based business services company, though he retired as CEO in 2004.
Golisano said he planned to retain a house in Mendon but would likely sell one on Canandaigua Lake.
Being in Florida several months a year hasn't hampered his commitment to Bishop Kearney High School, said school president Donna M. Dedee. Golisano gave $5 million to the Catholic school and has been directly involved in helping to upgrade it.
"Tom has consistently given with his financial gifts and intellectual capital," Dedee said. "That vision doesn't change."
Dedee noted that Rochester is Golisano's hometown. "He still cares about us and that won't change with geography."
Last year, Golisano started Responsible New York, a political action committee that gave heavily to candidates running for state office.
Golisano has been vocal in calling out state leaders for not curbing spending, and he said Thursday that Gov. David Paterson and legislative leaders are beholden to special interests.
He said Paterson talked tough about holding down spending, but "when push came to shove, he caved" because he approved a budget that increases state spending by nearly 9 percent. The budget also increased income tax rates on New Yorkers who make more than $250,000 a year, with a higher bracket for those making more than $500,000.
New York has the highest combined local and state taxes in the nation. Golisano said he expects other wealthy New Yorkers to leave.
"The state has to develop a spending attitude that will make it competitive with the rest of the country," he said.
JSPECTOR@Gannett.com
DCARTER@DemocratandChronicle.com
________________________ ________________________ ______________
This is the natural and predictable result of Democrat/Liberal fiscal policies coming to fruition.
AWWWWW...Poor fucking baby has to pay 5 million in taxes...How many loopholes has he jumped through already in saving a bundle? How much money is he making in interest off of that 1.47 BILLION. Geez..I wish I had it so hard. Nonetheless given the problems of states and their financial situation, his move to Florida may not pan out so well if Florida decides to start TAXING its residents in order to try and save itself form bankruptcy....
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The less people are taxed, the more they are likely to spend. That five million will get pissed away in the hands of the government and they will likely not see a return on it. He could donate that 5 mil to the inner city or buy 5 mil worth of product and support American business.
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The less people are taxed, the more they are likely to spend.
Uh Yeah RIght...Show me any proof of that? The common person wil do that, but the well off just reinvest anything they have in orer to make MORE FOR THEMSELVES...
That five million will get pissed away in the hands of the government and they will likely not see a return on it.
You like having a fire department, a school system, a police department, hospitals, in state tuitions, roadways adn highways, water infrastructure, bridges and tunnels, etc etc...you have to learn where you tax dollars go before you complain about being taxed.
He could donate that 5 mil to the inner city or buy 5 mil worth of product and support American business.
Ha Ha..you're joking right? The wealthy do NOT GIVE AWAY THEIR MONEY... It is always QUID PRO QUO. They "give" it to you and then ask...WHAT AM I GETTING IN RETURN?...Support american businesses...hahahah..th e wealthy by only luxury, which is not found in america.
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Uh Yeah RIght...Show me any proof of that? The common person wil do that, but the well off just reinvest anything they have in orer to make MORE FOR THEMSELVES...
You like having a fire department, a school system, a police department, hospitals, in state tuitions, roadways adn highways, water infrastructure, bridges and tunnels, etc etc...you have to learn where you tax dollars go before you complain about being taxed.
Ha Ha..you're joking right? The wealthy do NOT GIVE AWAY THEIR MONEY... It is always QUID PRO QUO. They "give" it to you and then ask...WHAT AM I GETTING IN RETURN?...Support american businesses...hahahah..th e wealthy by only luxury, which is not found in america.
The wealthy don't spend?? Are you serious? Have you seen the shit these people buy? Have you seen what their families ask them to spend? Tell me you are kidding.
Yeah because we don't waste billions in this country. Check the welfare going to illegals. Check the welfare going to able bodied people who abuse the system. Without the wealthy people others would have nothing but NY and other states over tax to the point where people no longer want to live there.
The governments in many states, such as CA, piss away the tax dollars and give nothing in return to the ones being taxed. Roads don't improve, neither does education and police departments are looking at layoffs. So where are the hard earned tax dollars going? In my opinion the FD and PD are the only ones using the money correctly...most of the time.
Yes, they donate because it is a tax write off and they know where the money goes.
The wealthy buy from here and live here as well (although they live abroad too). Who do you think collects the federal, state and property taxes? France? C'mon. Where do they buy their groceries? Gas?
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California has (had) the 7th largest economy in the world... and can't pay its' bills.
Maybe the roads down in LA are nice, but around here they are pretty bad once you get off the main highway. Schools are terrible, most of them are overrun anyways... Most public services (police, fire, etc) aren't laying off, they are all in a hiring freeze however...
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Liberal morons dont realize that rich people who live in NY, CA, CT, or other states keep the following employed:
1. Landscapers
2. Garndners
3. Hign End car dealerships
4. Marinas
5. High end resturants
6. Golf clubs and stores
7. Health Clubs
8. Cops
9. Fireman
10. Teachers
You idiots who want to bash rich people dont realize that without them, the spending insanity couldnt exist. Also, most of the businesses who cater to rich people are owned by self employed middle class people who rely on rich people to consume their goods and services.
That is why middle class people dont bash and trash the rich, they are smarter than the average brain dead liberal dope addict when it comes to finances and who keeps them employed.
Additionally, most tax receipts come from rich people. In NYC alone, 40,000 people pay over 50% of the bills.
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Uh Yeah RIght...Show me any proof of that? The common person wil do that, but the well off just reinvest anything they have in orer to make MORE FOR THEMSELVES...
You like having a fire department, a school system, a police department, hospitals, in state tuitions, roadways adn highways, water infrastructure, bridges and tunnels, etc etc...you have to learn where you tax dollars go before you complain about being taxed.
Ha Ha..you're joking right? The wealthy do NOT GIVE AWAY THEIR MONEY... It is always QUID PRO QUO. They "give" it to you and then ask...WHAT AM I GETTING IN RETURN?...Support american businesses...hahahah..th e wealthy by only luxury, which is not found in america.
Yes,I like having those things and taxes should be used FOR THOSE THINGS!!!Not for scum bags to sit on their asses and do nothing while we pay for their house,food and everything else.I dont want my tax money going to pay for dumb ass motherfuckers like those in Obamas community in Chicago.A bunch of good for nothing hoodlums.
The VAST majority of taxes go to support the poor and that which goes along with it.YThe welfare state.By the way,the infastructure is falling down to the ground in NY and the roads SUCK!
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Yes,I like having those things and taxes should be used FOR THOSE THINGS!!!Not for scum bags to sit on their asses and do nothing while we pay for their house,food and everything else.I dont want my tax money going to pay for dumb ass motherfuckers like those in Obamas community in Chicago.A bunch of good for nothing hoodlums.
The VAST majority of taxes go to support the poor and that which goes along with it.YThe welfare state.By the way,the infastructure is falling down to the ground in NY and the roads SUCK!
No kidding. I was in Brooklyn on Friday and the roads are horrendous.
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the average brain dead liberal dope addict
LOL... they comprise 54% of america, based on the nov 2008 vote, right? ;)
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LOL... they comprise 54% of america, based on the nov 2008 vote, right? ;)
Possibly.
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LOL... they comprise 54% of america, based on the nov 2008 vote, right? ;)
Another stupid post.OBAMA RAN AS A MODERATE TO CONSERVATIVE!!!!!He claimed he was going to cut taxes [A LIE!!].If he would have ran on cap and trade,card check,higher taxes,taking over banks,determining what people can make he would have gotten smoked.Liberals ONLY WIN when they pretend to not be liberal.
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Liberal morons dont realize that rich people who live in NY, CA, CT, or other states keep the following employed:
1. Landscapers
2. Garndners
3. Hign End car dealerships
4. Marinas
5. High end resturants
6. Golf clubs and stores
7. Health Clubs
8. Cops
9. Fireman
10. Teachers
If you think those states are the only ones supporting those jobs, you are mistaken. Some of those jobs do better in S. FL than anywhere else.
1 - Here in FL no one cuts their own grass.
2 - Same as above. Hell I pay $60 monthly for 2x weekly lawn service and my landscaping done.
3 - You obviously haven't seen the high end cars on the road all over here in S. FL
4 - this one doesn't require explanation
5 - same as #4.
6 - Golf is a major attraction in FL
7 - You gotta be kidding. People in FL (and CA) are more body conscious than anywhere else. When it stays warm enough for shorts year around, you can be assured that 95% of the people here are going to exercise and take care of themselves.
8 - High employment here as well
9 - Same as #8. Someone has to pull these elderly Canadian drivers out of canals and swimming pools each week.
10 - Same as any other state.
Bottom line here is, if this dude was thinking about changing his stated residence after 5 years and hadn't done so yet.. he is just a fool. Some that dumb can't be used to exemplfy any kind of arguement about taxes or policies when he has failed to done the utmost basic option he had. Either do it or quit whining.
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his move to Florida may not pan out so well if Florida decides to start TAXING its residents in order to try and save itself form bankruptcy....
Will never happen.
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Golisano started Paychecx and you call him a moron?
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Golisano started Paychecx and you call him a moron?
If he is bitching about paying taxes when he has the option to claim FL and eliminate some then I certainly am.
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If he is bitching about paying taxes when he has the option to claim FL and eliminate some then I certainly am.
The latest tax increase was the straw that broke the camel's back.
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The latest tax increase was the straw that broke the camel's back.
What is his excuse for paying taxes all the other years when he could have taken advantage of a legal option to have paid less?
Are you saying this man actually LIKED to pay extra taxes? But just not too much. ::)
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What is his excuse for paying taxes all the other years when he could have taken advantage of a legal option to have paid less?
Are you saying this man actually LIKED to pay extra taxes? But just not too much. ::)
No one likes paying extra taxes, but sometimes there are other factors that kepp a person in the state that outweight the others. For example, elderly family members, grandkids, and things like that.
I live in NY and let me tell you, this state is a disaster. They nickle and dime you on everything and it is getting too much for everyone.
Everyone laughed at Rush and the Governor said good riddance, however, if many people like Rush, Golisano, keep leaving, things will get even worse.
You cant tax your way to prosperity. Targeting these people is not only wrong, but counterproductive.
Like I said, in NYC alone 40,000 taxpayers pay 50% of the bills in a city of 8 million.
Do the math, if even a small percentage of those people leave, we are in for an even worse mess.
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Again, if he is crying so much about taxes... explain why he paid taxes for the last several years when he could have opted out.
Surely he had a reason not to claim FL as his home state prior to this. What's the reason?
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Get real!!! You think he's moving to FL because of taxes? Have any of you spent a winter in Rochester?
He ain't moving for the tax status, ...he wants the sunshine! The tax status is simply bonus.
Although, ...he might rethink that once global warming really takes hold and FL ends up underwater... :-\
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Will never happen.
Neither will a financial collapse...
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Yes,I like having those things and taxes should be used FOR THOSE THINGS!!!
I agree..however that is not the case in america...
Not for scum bags to sit on their asses and do nothing while we pay for their house,food and everything else.
You mean like the wall streeter who are getting the bailouts and massive bonuses to the tune of 11 TRILLION!!!!
I dont want my tax money going to pay for dumb ass motherfuckers like those in Obamas community in Chicago.A bunch of good for nothing hoodlums.
Ummm..don't know exactly where you are going with this comment, but once again welfare in america is 88% WHITE FEMALE...you know...those good for nothing white trash hoodlums.... Corporate welfare amounts to over 250 BILLION every year to companies like GE, GM, ATT, ITT, WESTINGHOUSE, DUPONT etc etc...waaaaay more that what america pays out to the REAL NEEDY
The VAST majority of taxes go to support the poor and that which goes along with it.
The vast majority of taxes goes to support the MILITARY (over 60%)
YThe welfare state.By the way,the infastructure is falling down to the ground in NY and the roads SUCK!
That's CORRUPTION...the roadways and infrastructure are paid for by state and local taxes as well as tolls/fares and taxes on gasoline...it is not paid for by personal income tax... so you need to ask your state where all of those taxes went since they obviously are NOT being used to maintain infrastructure