Mr. Tepper, a highly successful hedge-fund manager, registered to vote in Florida last October, according to Bloomberg. He listed a condominium in Florida as his new residential address and moved his business, Appaloosa Management, to the Sunshine State. And the New Jersey legislature took notice.
“We may be facing an unusual degree of income-tax forecast risk,” testified Frank Haines, a budget officer with New Jersey’s Office of Legislative Services, before a Senate committee Tuesday.
If you think taxing the he’ll out of anyone who can live anywhere and then are shocked that they would pack up and leave…. you might be a Democrat
not sure if this is called irony or karma
So, you have an intelligent billionaire doing the wise thing, while another millionaire from NJ acts like a petulant asshole…
Bruce Springsteen.
Once again politicians are dismayed when citizens manifest their displeasure and vote with their feet. The commies had to build an Iron Curtain nearly 800 miles long to stop this. These jackasses never learn.
You can shear a sheep many times but, you can only skin him once.
How long before states enact their own taxpayer border laws where, like a corporate tax inversion, they refuse to let you move because they need your revenue?
This predicament highlights, not the difference between rich and poor, but the difference between statism and free market.
And here was Chris Crispy Creme trying to run for the office of president. If he hadn’t left earlier, this would have forced him out for sure. . . .at least for conservatives. GOPe RINOs, ummmmm, they probably would have kept him in.
Born and raised in N,J. All over this state are warehouses that replaced traditional factories. Filled with illegals that are bused in every morning. All these people get EBT cards and overcrowd our schools. They occupy lower income housing and get subsidies to do so. This drives up housing costs. Two years till retirement and I’m out of here. I will pre apologize to the south for talking funny.
PS New Jersey has a exit tax of 2 percent. It’s not just billionaires that want to leave.
Sometimes my best (but most obscure) ideas come late. Tell me what you think?
Chris Crispy Creme for President (CCCP). Those letters look familiar?
This always happens in a Kleptocracy.
That is why the tech industry is fleeing California.
This is all a show. New Jersey is too big to fail.
I know a few good Jerseyites. But most of them can’t drive worth a shit. They are worse on the road than the Hasidim. Just sayin.’
PLEEZE don’t spread the word in Noo Joysy that taxes are lower in the Sunshine State. They all vote DemocRAT, and the Century Villages are full anyway.
I guess I am wasting my time, I reduced my income to avoid paying taxes that support our unconstitutional government.
but no one noticed, not even uncle sam.
I guess you have to had made a lot of money before they will notice.