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Tom Golisano "Moves" To Florida Over High NY Taxes
By
Jen Chung
Published May 15, 2009
Modified May 15, 2009
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By
Jen Chung
Published May 15, 2009
Modified May 15, 2009
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Western NY billionaire—and three time NY gubernatorial candidate—Tom Golisano has had it with New York's taxes so he's changing his legal address to Florida. Hey, if only the little people had residences in Florida too! Notably, it's the increased taxes to wealthier individuals that has Golisano riled up. The Buffalo News reports, "Golisano told a gathering of Rochester business executives that he will remain as owner of the Buffalo hockey team, but he is fleeing the Empire State to avoid paying $13,000 a day in state income taxes. While Golisano said his move will not end his role as outspoken critic of New York state government, it remains uncertain how seriously his cause will be taken at the State Capitol as a resident of the Town of Naples, Fla." Golisano, who is working with another billionaire, Mayor Michael Bloomberg, on possibly revamping the Independence Party, says he'll use the money he's saving (over one year, that would be about $4.75 million) to finance charities and maybe his political action committee.
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ny state
NY State taxes
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Jen Chung
Jen Chung is a former WNYC and Gothamist editor.
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