Monday, March 30, 2009 10:34 PM
Angered by a New York state plan to tax residents earning over $500,000 per year, conservative radio host Rush Limbaugh vowed Monday to sell all of his property and shut down his operations there and move them to Texas, a state with no income tax.
The new plan, which is expected to be voted on Tuesday, would raise about $4 billion a year, said Dan Weiller, spokesman for New York State Assembly Speaker Sheldon Silver. Lawmakers are calling it a temporary tax increase but Rush was having none of that.
“When I am there working I pay whatever, you know, my rate is based on income for that day in New York,” Limbaugh said. “And I try to go as little as possible. If it weren't for hurricanes down here (his regular studio in Florida), I would never go up there.
“So I'll tell you what I'm going to do,” Limbaugh continued. “I'm going to look for an alternative studio somewhere outside New York, perhaps Texas -- another no-income-tax state -- and I'm going to get the hell over there, when a hurricane starts coming our way, 'cause I told Mayor Bloomberg: I'll be the first to lead the way. “
He plans to sell all of his property in New York City, he told listeners.
“I'll sell my apartment. I'll sell my condominium. I'm going to get out of there totally, 'cause this is just absurd, and it's ridiculous -- and it isn't going to work,” Limbaugh said. “It's punishing the achievers for the mistakes and the lack of discipline on the part of a bunch of corrupt politicians that have run that city and state into the ground for I don't know how many years -- and I, for one, am not going to take the blame for it. “
Limbaugh, who usually broadcasts from his home in Florida, another state with no income tax, said the new tax is likely not only to drive other high earners like himself from New York, but prompt those remaining to work less. Pointing out that the state already collects taxes on cigarettes and liquor, in addition to billions in lottery proceeds – oh, and don’t forget billions more in federal stimulus dollars – Limbaugh asked Gov. David Paterson when would it ever be enough.
He even suggested a new state slogan: “New York: It’s Never Enough.”
“When you raise taxes on an activity, you reduce that activity,” Limbaugh explained to his listeners. “People start doing that activity less. In this case: working. When you reduce taxes on an activity, then that activity increases. When you reduce taxes on income, people start working harder to earn more. Governor Paterson needs to cut taxes on people. He needs to spur investment. He needs to get people going and working. It's just the exact opposite. Governor Paterson is like most other liberal Democrats: zero-sum game. The economy is a pie. It never grows. Somebody gets their slice; somebody gets their slice.”
7 years 51 weeks ago, 8:38 PM