NilesStephens

Washington State Democrats lied. Their new income tax on millionaires isn’t just for people making over $1 per year “It’s not just the millionaires who are gonna face this tax. In fact, couples whose combined income is a million dollars or more will also be taxed. Tax experts call it the marriage penalty. So if you have two individuals who each make $600,000, neither would pay the state income tax if they filed as individuals, but if they are married and they file jointly, they would owe a tax of about $20,000” And so it begins… next they’ll start lowering the threshold and it’ll soon apply to everyone

New York Gov Kathy Hochul is begging wealthy people who have moved to Florida and Texas to come back to New York and pay taxes. 🤣 "I need people who are high net worth to support the generous social programs that we want to have in our state. Now, there are some patriotic millionaires who stepped up. OK, cut me the checks if you want to be supportive, but maybe the first step should be go down to Palm Beach and see who you can bring back home." "I have to look at the fact that we are in competition with other states who have less of a tax burden on their corporations and their individuals. And I would say remote work changed everything." "There were people who could only work in an office in Manhattan and work in New York state. And they were captives to our state, they were going to stay. We saw that that's not the case. Wall Street businesses looking at Texas, they're not going there because they have a nicer governor. They're going there because of the tax rate."

New York Gov Kathy Hochul is begging wealthy people who have moved to Florida and Texas to come back to New York and pay taxes. 🤣 "I need people who are high net worth to support the generous social programs that we want to have in our state. Now, there are some patriotic millionaires who stepped up. OK, cut me the checks if you want to be supportive, but maybe the first step should be go down to Palm Beach and see who you can bring back home." "I have to look at the fact that we are in competition with other states who have less of a tax burden on their corporations and their individuals. And I would say remote work changed everything." "There were people who could only work in an office in Manhattan and work in New York state. And they were captives to our state, they were going to stay. We saw that that's not the case. Wall Street businesses looking at Texas, they're not going there because they have a nicer governor. They're going there because of the tax rate."