Derby Trail Forums - 1%ers Living in NYC

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1%ers Living in NYC

Must really love their city. 8.7% State Tax and 4% city tax for a total of 12.7% on top of Fed taxes? Tell me again that the the rich don't pay their share.

Quote:

The new 8.82 percent top tax rate for millionaires — billed by Gov. Cuomo and Legislative leaders as a cut — still leaves New York among the top seven states with the highest rates on the wealthiest filers.

And the tax rates that were ratified by the Legislature early this morning will leave the city’s top earners shouldering the nation’s highest combined local and state tax rates.

That combined rate on seven-figure earners who live in the city will stand at a whopping 12.7 percent next year, according to the Empire Center for New York State Policy.

http://www.nypost.com/p/news/local/b...09m6xQtlgpiZdO

I love NYC, would love to have the money to live there 'right', but are you kidding me?

This must be why luxury properties in places like FL haven't decreased in value relative to medium and lower value properties.

By moving, a $50 million dollar a year man would save $6.35 million his first year.

If just 10 $50 million dollar men decide to move the state and city lose $60.35 million. To make up that money you'd need 13,873 new taxpayers, each earning $50K a year.

So here's the only logical decision to make;

A Sarasota FL Home on the Bay $5 Mil

An Enzo and a Saleen (when you're really in a hurry) $670K and $555K

and still have $130K left for property tax and insurance on the rides.

Years 2-10 the savings are socked away with no risk at 3% and the total savings by simply living in a $5 mil home and driving an Enzo and Saleen comes to $66.45 million over 10 years. So who's going and who's staying?

yawn.....

yes, i feel soooo bad for them paying their taxes-and they feel the same for me. :rolleyes:

i wish i had the burden of paying a higher portion, and had to console myself by driving a ferrari that one of my servants keeps clean for me. boo hoo, poor widdle rich people. gimme a break dell.

Quote:

Originally Posted by dellinger63 (Post 822974)

Must really love their city. 8.7% State Tax and 4% city tax for a total of 12.7% on top of Fed taxes? Tell me again that the the rich don't pay their share.

http://www.nypost.com/p/news/local/b...09m6xQtlgpiZdO

I love NYC, would love to have the money to live there 'right', but are you kidding me?

This must be why luxury properties in places like FL haven't decreased in value relative to medium and lower value properties.

By moving, a $50 million dollar a year man would save $6.35 million his first year.

If just 10 $50 million dollar men decide to move the state and city lose $60.35 million. To make up that money you'd need 13,873 new taxpayers, each earning $50K a year.

So here's the only logical decision to make;

A Sarasota FL Home on the Bay $5 Mil

I'd prefer the Saleen S284 Supercharged over the S 7. that would save me about 400k. Aston Martin V12 Vantage instead of the ENzo.. save about 400k. Since I saved close to 800k by getting different rides... I'd probably buy a nice horse and give it to RHT to train, just for shits and giggles. Maybe throw in a Lincoln Navigator so I can ride comfortable. just because I can.

Quote:

Originally Posted by Antitrust32 (Post 823068)

I'd prefer the Saleen S284 Supercharged over the S 7. that would save me about 400k. Aston Martin V12 Vantage instead of the ENzo.. save about 400k. Since I saved close to 800k by getting different rides... I'd probably buy a nice horse and give it to RHT to train, just for shits and giggles. Maybe throw in a Lincoln Navigator so I can ride comfortable. just because I can.

No love for Chuckels?

Quote:

Originally Posted by MaTH716 (Post 823070)

No love for Chuckels?

I'd send him my main stable.. or should I say mane stable ;)

I want RHT to train one just to see how it does. And I'm going to give him good bloodstock to work with.

Now I just need to figure out how to become a 1%.

Quote:

Originally Posted by Antitrust32 (Post 823072)

Think I found your ideal property and the realtor just happens to be T. Pletch's step-mother. Only $24.9 million but 202 stalls.

http://www.joanpletcher.com/listing-...2Bfarm-53.html

that place is like 5 - 10 mins from my house.

But I'm not interested in mowing 8000 acres of grass. Gimme 7 acres max.

Quote:

Originally Posted by Danzig (Post 822980)

If you pay my taxes, I'll clean your ferrari.:D