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  1. #1 State slaps New Yorkers fleeing 
    Senior Member Banacek's Avatar
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    Not only is New York imposing crushing taxes on its wealthier residents, it is chasing them down when they try to escape.

    With a $2.3 billion budget deficit that Gov. Andrew Cuomo called “as serious as a heart attack,” the state’s tax collectors are seeking a bolder approach in capturing fleeing residents, CNBC reported.

    The Democratic governor placed the blame for the hole in his state treasury on President Trump, of course, claiming the administration’s Tax Cuts and Jobs Act adversely affected his state.

    “This is the flip side. Tax the rich, tax the rich, tax the rich,” Cuomo said last month. “We did. Now, God forbid, the rich leave.”

    With a reduction in the state and local tax deductions allowed on annual income tax forms, New Yorkers who felt the squeeze began to leave the Empire State. And state auditors were on their heels.

    CNBC reported:

    But the New York State Department of Taxation and Finance is making sure that high earners who try to leave don’t escape without an audit and a bill. New York conducted about 3,000 “nonresidency” audits a year between 2010 and 2017, collecting around $1 billion, according to Monaeo, a company that sells an app for tracking and proving tax residency.

    More than half of those who were audited lost their cases, and the average collected by New York State between 2015 and 2017 was $144,270 per audit, Monaeo said
    https://www.bizpacreview.com/2019/03...hem-pay-731501
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  2. #2  
    Senior Member Dlr Pyro's Avatar
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    I'll bet Amazon is breathing a huge sigh of relief that they abandoned plans to open a large facility in new york.

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    "People who think they know it all, are annoying to those of us who really do".... Pyro Bob

    "Even if Trump didn't pay Russian hookers to pee on one another to defile a bed the Obamas once slept on it sounds like something he would do and that's all that matters." DemocratSinceBirth, Wed Jan 11, 2017, 09:32 AM

    "Enemy. The word you are looking for is enemy. When the ideals of someone are antithetical to yours, you can say the word "enemy". DUmmy ret5hd Fri Aug 24, 2018, 05:10 PM
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