Limbaugh Gets Mega Millions on Condo Sale - WSJ.com
A year after railing about the high tax burden on wealthy New Yorkers, Rush Limbaugh, the conservative radio talk-show host, is severing one more tie with New York, selling his lushly decorated Fifth Avenue penthouse to an undisclosed buyer.
Mr. Limbaugh's 10-room condominium, which features a 30-foot-wide living room with fireplace and four terraces overlooking Central Park at East 86th Street, went into contract Thursday for a bit under the final $12.95 million asking price, brokers said...One broker familiar with the transaction said the final price was about $11.5 million. Mr. Limbaugh paid just under $5 million for the apartment as well as a maid's room and a storage locker, in 1994.
Last year when New York state adopted a temporary income-tax surcharge to raise more than $3 billion a year, Mr. Limbaugh said on his radio show that he was going to "get out of New York totally" and sell his Manhattan apartment.
One, this is New York...no tax is temporary.
Two, he's not the only one leaving...and as long as the idiots in Albany and NY City keep taxing the productive members of the city/state at an oppressive rate businesses are going to leave. Just like California, last one out turn out the lights.
Attention officials of the State of New York: Keep raising your taxes, your border states will appreciate the ever-expanding tax base from people leaving your state.
ReplyDeleteThe state of New York a few months ago suggested an income tax for traders who lived in Connecticut but worked in New York…as soon as they suggested it the HERONORDAGOV of Connecticut Rell said hey, businesses, why don’t you just move here to Connecticut…we will welcome you with open arms…even the governor of New York knew could see this was a bad idea and said no.
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