New York’s top business leaders are gearing up for a potential mass exodus as Gov. Andrew Cuomo and state lawmakers prepare to raise their taxes.
With the state budget set to increase the personal income tax on the wealthiest New Yorkers as well as hiking corporate taxes, some executives who fled the city for Florida temporarily due to coronavirus pandemic lockdowns are considering permanent relocation, according to business leaders briefed on the matter.
Wealthy business leaders who have historically resisted moving at least some of their resources to Florida or other less-taxed states explained to CNBC that they are now seriously reconsidering as working from home becomes the norm, allowing more flexibility.
Read more at CNBC.
{Matzav.com}
After the wealthiest taxpayers leave, it will be the turn of simply wealthy, to support the residents of NY. When the cycle repeats itself, households with medium incomes will be hit.
In the end, welfare recipients will be taxed to pay for their own welfare…..
New Yorkers voted for DemocRATs, over and over and over, again and again. Now they’re crying like babies.
Idiots!!
nobody is crying but this newspaper. everybody will live their lives like normal. if you spent less time obsessing on political minutia you would be less deluded on the reality.
Governor Cuomo will win re-election in a landslide of epic proportions. The Rino party in NY is dead. The NYS Assembly is thee most corrupt in the entire Nation. Their enablers in the NYS Senate is just as evil.
sure the same businesses who didn’t want people to work from home are now gonna use that as a excuse I will believe it when I see it