Archive for tax avoidance

The billionaire Rochester businessman Tom Golisano has announced that he is leaving new york to avoid a $13,000 a day state tax bill and put the money to better use such as charities and his political action committee. Golisano is planning on moving his residence to Florida, where there are no state income taxes. You can read the full story in the Buffalo News. This is prime example of how a soak the rich strategy doesn’t quite work out as advertised. By leaving, Golisano not only deprives... Read More→

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