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    New York’s disappearing millionaires

    New York’s disappearing millionaires

    Of course, there always will be a top 1%, so those in the Occupy Wall Street movement who want to demonize the top 1% always will have a cause.

    But the numbers of millionaires who could be taxed to feed the demands of the proletariat is down in New York State:

    Gannett’s Albany Bureau reported today how the number of New York tax filers earning more than $1 million a year dropped a whopping 22 percent in 2009 during the recession, according to the state Department of Taxation and Finance.

    You can tax them all you want, but you can’t tax what isn’t there either because they have left for other states, have suffered income loss due to the economy, or just don’t think it’s worth it anymore.


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    tjonnyc | October 23, 2011 at 9:08 pm

    I’m not a millionnaire, and I’m pretty far from the 1%. However, since last year, I have taken (legal) steps to specifically reduce my income tax liability to the lowest level possible. And it’s succeeded – I’m going to pay about 1/3 of what I paid the previous year. I’m not going to work for these blood-sucking parasites. That’s my little “F*** you” to Obama and now to the OWS crowd. That’s my John Galt move. Yeah, it’s only a few thousand, but it makes me feel better.

    That’s on a personal note. On a larger scale, if those idiots do succeed, all that’s going to happen is that NYC will revert to the state it was during the wonderful Dinkins days. Remember those? Crime everywhere, streets full of bums, industrial areas deserted, state and city in debt to the tune of billions.

    Don’t they realize that the stock market can be conducted from anywhere? I’m sure the economy of any other state – or country – would welcome the addition of 100’s of millions of dollars. Or do they realize it and that’s precisely their goal?

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