So here is why these functional Democratic illiterates in the state Assembly and state Senate, in the long run, have killed the golden goose: the size of my client base, and that of my colleagues is far more than anecdotal to say that in addition to the many who we must now service in Palm Beach, Austin, Asheville and elsewhere – will have much more company.
The very wealthy – the $5 million and over earners will absolutely not pay usury to New York for the privilege of criminally insane and homeless on the street, emasculation of police, filth, ultra-wokeness and all the detritus with which leftists endow us.
As Dennis Prager has often said – “they create nothing; they only destroy everything.”
In addition – this time – since they ensnared those earning $1 million (that’s under $480K after fed-city-state-Social Security deductions, here’s the latest: Those earners have second homes out East and up North.
They will reduce their tax load – they will be documenting their days in NYC, avoiding the statutory ensnarement – staying out on NYC over 180 days a year, with proof.
They will rid themselves of the 4 percent NYC tax. Net loss to the City/State: 3 percent! Not everyone is an idiot. And my firm avoids the new corporate tax – and already saves the shareholders $100 million per year – we are headquartered in Nashville as of three years ago.
Kathy Wylde, CEO of the NYC partnership warns of an acceleration of headquartering elsewhere for many N.Y.-based corporations.