Monday, July 12, 2010

Limbaugh makes millions leaving NYC

Rush Limbaugh just sold his New York City apartment for more than $12M after purchasing it in 1994 for under $5M.
The apartment, complete with maid quarters, takes up an entire floor and overlooks Central Park.
Transfer taxes on the sale alone are more than my house was worth before the crash.
Rush made a profit and thumbed his nose at a short sighted state while helping Florida by making it his state of residence and work.
Rush was right when he predicted New York's increased taxes on the rich would lead to an exodus of the "rich" including himself and they have not been able to come close to solving their fiscal problems by taxing people more.
They have helped surrounding states by sending people and businesses across the border.

BTW, Rush also predicted that LeBron James would likely pick a state like Florida (he did) to avoid high taxes.

No comments:

Post a Comment