Rush has left the building. Time to celebrate.

Discussion in 'Politics' started by Mr. Peepers, Jul 12, 2010.

  1. Mr. Peepers
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    Mr. Peepers Senior Member

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    Woo hoo! Don't let the door hit you on your huge ass on the way out, you irrelevant gasbag. Don't come back, now y'hear? And what is up with the prissy-assed decoration in your apartment? I'm a woman, and that crap is just tacky.

    Ah, a glorious day for those of us here in NYC. Couldn't cut it in the big city, huh. I'm not surprised.

    http://news.yahoo.com/s/yblog_upsho...shot/limbaugh-sells-nyc-digs-for-11-5-million
     
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  2. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    Yeah, good for you guys. Looks like you have less tax revenue to collect. Good job there guys.
     
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  3. Dr.House
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    Dr.House Lives on in syndication!

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    Rush paid 5 mil for it and sold it for 11.5 mil....

    Nice profit....

    Also, no more inflated NY taxes...

    Smart man...
     
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  4. txlonghorn
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    txlonghorn Senior Member

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    I'd leave too
     
  5. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    What an idiot - celebrating losing tax revenue for New York City.

    And yet more proof that lefties do not understand the consequences of tax policies on individuals and the subsequent economic impact.
     
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  6. Ravi
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    Ravi Diamond Member

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    Jeesh! I thought he was dead. He'll just stink up Florida.
     
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  7. Baruch Menachem
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    Baruch Menachem '

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    Still has to pay capital gains on it.

    Over 3 million in taxes on the capital gain. <sarcasm> my how he has to suffer</sarcasm>

    That means his entire operation is in Florida now. The folks in Albany are probably shedding a quiet tear as that revenue is now gone.
     
  8. Mr Clean
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    Mr Clean Gold Member

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    Yeah, like we didn't have taxes before January 2009.
     
  9. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    By moving to FL, he avoids the state income tax rate (which I think is above 12%) on his income. As Rush makes makes over $30M per year, the payback of state income tax savings compared to the state cap gains is less than a year.

    No Brainer.
     
  10. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    Well, you'll get less tax receipts now in NY.

    But that's to be expected when the Rich are penalized and demonized.
     

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