NY Gov's New Taxes Chasing People Out Of The State

The governor of NY has gotten his deal on raising taxes on those evil filthy rich people. If you make over $500K per year and you continue to live in NY, your taxes are going up by 31%. If you make over $250,000, your rate increases by 14.5%.

That’s not the rate, that’s the increase.

How many people do you think are smart enough to make over $500,000 a year but are not smart enough to move out of NY to avoid higher taxes?

Rush Limbaugh is a great example. On his show yesterday, he was discussing this issue. He moved from NY to FL a few years ago to get away from oppressively high taxes. However, he maintains a backup studio in NYC in case of hurricanes or other weather forces him to leave FL temporarily. Yesterday, he said he would find another state with no income tax to relocate his backup studio. He mentioned Texas as a possibility.

Glenn Beck said basically the same thing on his program yesterday. He said that if he were not doing his TV show, he would move his radio show in a heartbeat because of the higher taxes.

The Governor says that will bring in an additional $4 Billion in tax revenues. Fat Chance. History has proven time and again that tax increases result in lower revenues. What will the governor say when that happens? Will he find a way to blame racism, as he has for nearly every other problem he has faced?