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1% Myth destroyed - 1 Man moving from New Jersey to Florida causes $140 million tax deficit

 
Latucher
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04/11/2016 08:28 AM
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1% Myth destroyed - 1 Man moving from New Jersey to Florida causes $140 million tax deficit
[link to www.dailymail.co.uk]

A billionaire hedge fund manager's decision to quit New Jersey for Florida means the struggling state is set to miss out on a desperately-needed $140million in income tax.

David Tepper, 58, has listed a Miami Beach property as his permanent address and registered to vote in the Sunshine State as he bids to move his financial operations south.

However, with an estimated worth of $11.4billion, the decision has rocked income tax estimates in New Jersey where he has lived and operated for several decades.

Frank Haines, a budget officer with the Office of Legislative Services, said: 'We may be facing an unusual degree of income-tax forecast risk,' Bloomberg News reported.

This was due to the fact 40 per cent of the state's revenue comes from income taxes, and a third of this comes from the state's richest 1 percent.
Anonymous Coward
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04/11/2016 08:58 AM
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Re: 1% Myth destroyed - 1 Man moving from New Jersey to Florida causes $140 million tax deficit
[link to www.dailymail.co.uk]

A billionaire hedge fund manager's decision to quit New Jersey for Florida means the struggling state is set to miss out on a desperately-needed $140million in income tax.

David Tepper, 58, has listed a Miami Beach property as his permanent address and registered to vote in the Sunshine State as he bids to move his financial operations south.

However, with an estimated worth of $11.4billion, the decision has rocked income tax estimates in New Jersey where he has lived and operated for several decades.

Frank Haines, a budget officer with the Office of Legislative Services, said: 'We may be facing an unusual degree of income-tax forecast risk,' Bloomberg News reported.

This was due to the fact 40 per cent of the state's revenue comes from income taxes, and a third of this comes from the state's richest 1 percent.
 Quoting: Latucher


How does this destroy the myth? It is great support for it. How could this guy possibly contribute that much productivity?

Answer : he doesn't.

He is the beneficiary of the ridgged casino that is our economy. His investments produce no tangible benefit to the world other than redistributing money in its own direction.
Anonymous Coward
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04/11/2016 09:02 AM
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Re: 1% Myth destroyed - 1 Man moving from New Jersey to Florida causes $140 million tax deficit
[link to www.dailymail.co.uk]

A billionaire hedge fund manager's decision to quit New Jersey for Florida means the struggling state is set to miss out on a desperately-needed $140million in income tax.

David Tepper, 58, has listed a Miami Beach property as his permanent address and registered to vote in the Sunshine State as he bids to move his financial operations south.

However, with an estimated worth of $11.4billion, the decision has rocked income tax estimates in New Jersey where he has lived and operated for several decades.

Frank Haines, a budget officer with the Office of Legislative Services, said: 'We may be facing an unusual degree of income-tax forecast risk,' Bloomberg News reported.

This was due to the fact 40 per cent of the state's revenue comes from income taxes, and a third of this comes from the state's richest 1 percent.
 Quoting: Latucher


How does this destroy the myth? It is great support for it. How could this guy possibly contribute that much productivity?

Answer : he doesn't.

He is the beneficiary of the ridgged casino that is our economy. His investments produce no tangible benefit to the world other than redistributing money in its own direction.
 Quoting: Anonymous Coward 19581838


Thats true. There are two kinds of people in this world. Those who produce and those who dont. Hedge fund managers produce the same as a person living on welfare. Nothing.
Anonymous Coward
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04/11/2016 09:27 AM
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Re: 1% Myth destroyed - 1 Man moving from New Jersey to Florida causes $140 million tax deficit
[link to www.dailymail.co.uk]

A billionaire hedge fund manager's decision to quit New Jersey for Florida means the struggling state is set to miss out on a desperately-needed $140million in income tax.

David Tepper, 58, has listed a Miami Beach property as his permanent address and registered to vote in the Sunshine State as he bids to move his financial operations south.

However, with an estimated worth of $11.4billion, the decision has rocked income tax estimates in New Jersey where he has lived and operated for several decades.

Frank Haines, a budget officer with the Office of Legislative Services, said: 'We may be facing an unusual degree of income-tax forecast risk,' Bloomberg News reported.

This was due to the fact 40 per cent of the state's revenue comes from income taxes, and a third of this comes from the state's richest 1 percent.
 Quoting: Latucher


How does this destroy the myth? It is great support for it. How could this guy possibly contribute that much productivity?

Answer : he doesn't.

He is the beneficiary of the ridgged casino that is our economy. His investments produce no tangible benefit to the world other than redistributing money in its own direction.
 Quoting: Anonymous Coward 19581838


Thats true. There are two kinds of people in this world. Those who produce and those who dont. Hedge fund managers produce the same as a person living on welfare. Nothing.
 Quoting: Cavjock12


Yeah but he's related to the master race who tax you, not themselves
Anonymous Coward
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04/11/2016 09:31 AM
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Re: 1% Myth destroyed - 1 Man moving from New Jersey to Florida causes $140 million tax deficit
yoda
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04/11/2016 09:34 AM
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Re: 1% Myth destroyed - 1 Man moving from New Jersey to Florida causes $140 million tax deficit
Libtard states are about to fall. The rich are the ones paying the taxes and they are tired of the retards piling on tax after tax.
BRIEF

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04/11/2016 09:37 AM

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Re: 1% Myth destroyed - 1 Man moving from New Jersey to Florida causes $140 million tax deficit
[link to www.dailymail.co.uk]

A billionaire hedge fund manager's decision to quit New Jersey for Florida means the struggling state is set to miss out on a desperately-needed $140million in income tax.

David Tepper, 58, has listed a Miami Beach property as his permanent address and registered to vote in the Sunshine State as he bids to move his financial operations south.

However, with an estimated worth of $11.4billion, the decision has rocked income tax estimates in New Jersey where he has lived and operated for several decades.

Frank Haines, a budget officer with the Office of Legislative Services, said: 'We may be facing an unusual degree of income-tax forecast risk,' Bloomberg News reported.

This was due to the fact 40 per cent of the state's revenue comes from income taxes, and a third of this comes from the state's richest 1 percent.
 Quoting: Latucher


How does this destroy the myth? It is great support for it. How could this guy possibly contribute that much productivity?

Answer : he doesn't.

He is the beneficiary of the ridgged casino that is our economy. His investments produce no tangible benefit to the world other than redistributing money in its own direction.
 Quoting: Anonymous Coward 19581838


Investors provide capital for growing businesses to expand and hire people. That is the service they provide!

Last Edited by BRIEF on 04/11/2016 09:37 AM
I never forgive and I never forget

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12/09/2017 02:37 PM
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Re: 1% Myth destroyed - 1 Man moving from New Jersey to Florida causes $140 million tax deficit
bump
Anonymous Coward
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12/10/2017 05:53 PM
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Re: 1% Myth destroyed - 1 Man moving from New Jersey to Florida causes $140 million tax deficit
bump
bark farm

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12/10/2017 06:22 PM
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Re: 1% Myth destroyed - 1 Man moving from New Jersey to Florida causes $140 million tax deficit
[link to www.dailymail.co.uk]

A billionaire hedge fund manager's decision to quit New Jersey for Florida means the struggling state is set to miss out on a desperately-needed $140million in income tax.

David Tepper, 58, has listed a Miami Beach property as his permanent address and registered to vote in the Sunshine State as he bids to move his financial operations south.

However, with an estimated worth of $11.4billion, the decision has rocked income tax estimates in New Jersey where he has lived and operated for several decades.

Frank Haines, a budget officer with the Office of Legislative Services, said: 'We may be facing an unusual degree of income-tax forecast risk,' Bloomberg News reported.

This was due to the fact 40 per cent of the state's revenue comes from income taxes, and a third of this comes from the state's richest 1 percent.
 Quoting: Latucher


How does this destroy the myth? It is great support for it. How could this guy possibly contribute that much productivity?

Answer : he doesn't.

He is the beneficiary of the ridgged casino that is our economy. His investments produce no tangible benefit to the world other than redistributing money in its own direction.
 Quoting: Anonymous Coward 19581838


140 MILLION in state taxes is contributing nothing?not saying your fucking stupid but WTF
Look at the cawk on that dawg
Education is a process,not a result
Anonymous Coward
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12/10/2017 06:24 PM
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Re: 1% Myth destroyed - 1 Man moving from New Jersey to Florida causes $140 million tax deficit
NJ = naggers ja_rule...

like da Titanic...
Anonymous Coward
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12/10/2017 06:59 PM
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Re: 1% Myth destroyed - 1 Man moving from New Jersey to Florida causes $140 million tax deficit
[link to www.dailymail.co.uk]

A billionaire hedge fund manager's decision to quit New Jersey for Florida means the struggling state is set to miss out on a desperately-needed $140million in income tax.

David Tepper, 58, has listed a Miami Beach property as his permanent address and registered to vote in the Sunshine State as he bids to move his financial operations south.

However, with an estimated worth of $11.4billion, the decision has rocked income tax estimates in New Jersey where he has lived and operated for several decades.

Frank Haines, a budget officer with the Office of Legislative Services, said: 'We may be facing an unusual degree of income-tax forecast risk,' Bloomberg News reported.

This was due to the fact 40 per cent of the state's revenue comes from income taxes, and a third of this comes from the state's richest 1 percent.
 Quoting: Latucher


How does this destroy the myth? It is great support for it. How could this guy possibly contribute that much productivity?

Answer : he doesn't.

He is the beneficiary of the ridgged casino that is our economy. His investments produce no tangible benefit to the world other than redistributing money in its own direction.
 Quoting: Anonymous Coward 19581838


Thats true. There are two kinds of people in this world. Those who produce and those who dont. Hedge fund managers produce the same as a person living on welfare. Nothing.
 Quoting: Anonymous Coward 21132687


false many people on welfare do volunteer jobs in many areas ...so they do contribute something tounge
Anonymous Coward
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12/10/2017 07:23 PM
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Re: 1% Myth destroyed - 1 Man moving from New Jersey to Florida causes $140 million tax deficit
[link to www.dailymail.co.uk]

A billionaire hedge fund manager's decision to quit New Jersey for Florida means the struggling state is set to miss out on a desperately-needed $140million in income tax.

David Tepper, 58, has listed a Miami Beach property as his permanent address and registered to vote in the Sunshine State as he bids to move his financial operations south.

However, with an estimated worth of $11.4billion, the decision has rocked income tax estimates in New Jersey where he has lived and operated for several decades.

Frank Haines, a budget officer with the Office of Legislative Services, said: 'We may be facing an unusual degree of income-tax forecast risk,' Bloomberg News reported.

This was due to the fact 40 per cent of the state's revenue comes from income taxes, and a third of this comes from the state's richest 1 percent.
 Quoting: Latucher


How does this destroy the myth? It is great support for it. How could this guy possibly contribute that much productivity?

Answer : he doesn't.

He is the beneficiary of the ridgged casino that is our economy. His investments produce no tangible benefit to the world other than redistributing money in its own direction.
 Quoting: Anonymous Coward 19581838


Thats true. There are two kinds of people in this world. Those who produce and those who dont. Hedge fund managers produce the same as a person living on welfare. Nothing.
 Quoting: Anonymous Coward 21132687


false many people on welfare do volunteer jobs in many areas ...so they do contribute something tounge
 Quoting: Anonymous Coward 75955109

Anonymous Coward
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12/10/2017 07:27 PM
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Re: 1% Myth destroyed - 1 Man moving from New Jersey to Florida causes $140 million tax deficit
Good for him.

No income tax in Florida.
Anonymous Coward
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12/10/2017 07:59 PM
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Re: 1% Myth destroyed - 1 Man moving from New Jersey to Florida causes $140 million tax deficit
Why must we depend on the extremes so much?

More people in the middle create stability.

Do billionaires create welfare recipients?
Kirk

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12/10/2017 08:01 PM
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Re: 1% Myth destroyed - 1 Man moving from New Jersey to Florida causes $140 million tax deficit
vote with your feet. Leave the libturd east unfunded
Government is a body largely ungoverned.
Fungi-69-
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12/10/2017 08:02 PM
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Re: 1% Myth destroyed - 1 Man moving from New Jersey to Florida causes $140 million tax deficit
Libtard states are about to fall. The rich are the ones paying the taxes and they are tired of the retards piling on tax after tax.
 Quoting: Anonymous Coward 55193154


they could always donate their money an live in a cardboard box on the sidewalk . That would show em :) -
Indiana Jones

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12/10/2017 08:03 PM
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Re: 1% Myth destroyed - 1 Man moving from New Jersey to Florida causes $140 million tax deficit
I think it is awesome. I hope New York has its fair shared get out as well. It is time that the liberals get taught a lesson
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Anonymous Coward
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12/10/2017 08:05 PM
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Re: 1% Myth destroyed - 1 Man moving from New Jersey to Florida causes $140 million tax deficit
I bet that guy is kicking himself for not moving to Florida sooner.

I pay 50% taxes, it's painful.
Black Knight

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12/10/2017 08:15 PM
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Re: 1% Myth destroyed - 1 Man moving from New Jersey to Florida causes $140 million tax deficit
Income tax is fair, you have income, you pay tax. Property tax is bullshit, just because you own a home does not mean you can afford to pay insane property taxes, nor should you have to. New Jersey is about to take a serious crap. As the taxation rises to insane levels, as it surely will, those who can are moving out, and there are many ways for the less than brain dead to avoid paying the $3k Exit Tax. Next month, newly elected Governor Pot Head will make weed legal in our state (I have actually seen the passed seen the bill that has passed the legislation and is being held back until Pot Head is sworn in) and the exodus of productive individuals out and the influx of potheads in will complete the destruction of what was once called the Garden State. This guy was a lot smarter than those of us assholes that will stay around for the coup de gras.
He who feels the respect which is due to others cannot fail to inspire in them regard for himself, while he who feels, and hence manifests, disrespect towards others, especially his inferiors, cannot fail to inspire hatred against himself.

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Anonymous Coward
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12/10/2017 08:22 PM
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Re: 1% Myth destroyed - 1 Man moving from New Jersey to Florida causes $140 million tax deficit
DON'T COME TO FLORIDA...WE'RE FULL

We don't need anymore Yankees with your shitty driving, obnoxious twangy accents, and ideas about how you want to change our tropical paradise into New York or New Jersey!
Anonymous Coward
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12/10/2017 08:25 PM
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Re: 1% Myth destroyed - 1 Man moving from New Jersey to Florida causes $140 million tax deficit
[link to www.dailymail.co.uk]

A billionaire hedge fund manager's decision to quit New Jersey for Florida means the struggling state is set to miss out on a desperately-needed $140million in income tax.

David Tepper, 58, has listed a Miami Beach property as his permanent address and registered to vote in the Sunshine State as he bids to move his financial operations south.

However, with an estimated worth of $11.4billion, the decision has rocked income tax estimates in New Jersey where he has lived and operated for several decades.

Frank Haines, a budget officer with the Office of Legislative Services, said: 'We may be facing an unusual degree of income-tax forecast risk,' Bloomberg News reported.

This was due to the fact 40 per cent of the state's revenue comes from income taxes, and a third of this comes from the state's richest 1 percent.
 Quoting: Latucher


Trump killed his home deductions in the tax cut.
Anonymous Coward
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12/10/2017 11:23 PM
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Re: 1% Myth destroyed - 1 Man moving from New Jersey to Florida causes $140 million tax deficit
DON'T COME TO FLORIDA...WE'RE FULL

We don't need anymore Yankees with your shitty driving, obnoxious twangy accents, and ideas about how you want to change our tropical paradise into New York or New Jersey!
 Quoting: Anonymous Coward 73778678

Do you own Florida?

Based on what authority you think you're entitle to demand who can or can't come?
jake

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12/10/2017 11:28 PM
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Re: 1% Myth destroyed - 1 Man moving from New Jersey to Florida causes $140 million tax deficit
Florida thanks you New Jersey

we can use the Money
Evil controls the ignorant... Climate change is a hoax so is the vax you have been fear-porned into compliance!

Definition Satan from the bible: Satan (Rev 12:7) exercising his subtle (indirect) impact on heathen governments (powers) – i.e. accomplishing his hellish agenda from "behind the scenes."
jake

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12/10/2017 11:30 PM
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Re: 1% Myth destroyed - 1 Man moving from New Jersey to Florida causes $140 million tax deficit
[link to www.dailymail.co.uk]

A billionaire hedge fund manager's decision to quit New Jersey for Florida means the struggling state is set to miss out on a desperately-needed $140million in income tax.

David Tepper, 58, has listed a Miami Beach property as his permanent address and registered to vote in the Sunshine State as he bids to move his financial operations south.

However, with an estimated worth of $11.4billion, the decision has rocked income tax estimates in New Jersey where he has lived and operated for several decades.

Frank Haines, a budget officer with the Office of Legislative Services, said: 'We may be facing an unusual degree of income-tax forecast risk,' Bloomberg News reported.

This was due to the fact 40 per cent of the state's revenue comes from income taxes, and a third of this comes from the state's richest 1 percent.
 Quoting: Latucher


Trump killed his home deductions in the tax cut.
 Quoting: Anonymous Coward 71338461


Because the rest of America was funding

New Jersy's high Taxes,


Totally Illegal by the way
Evil controls the ignorant... Climate change is a hoax so is the vax you have been fear-porned into compliance!

Definition Satan from the bible: Satan (Rev 12:7) exercising his subtle (indirect) impact on heathen governments (powers) – i.e. accomplishing his hellish agenda from "behind the scenes."
jake

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12/10/2017 11:31 PM
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Re: 1% Myth destroyed - 1 Man moving from New Jersey to Florida causes $140 million tax deficit
Funny how the rich elite Liberals all want high taxes on

poor Americans, but when they get their taxes

raised they up and leave.


Hypocrite much?

Last Edited by Slowly awakening on 12/10/2017 11:32 PM
Evil controls the ignorant... Climate change is a hoax so is the vax you have been fear-porned into compliance!

Definition Satan from the bible: Satan (Rev 12:7) exercising his subtle (indirect) impact on heathen governments (powers) – i.e. accomplishing his hellish agenda from "behind the scenes."
Anonymous Coward
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12/11/2017 12:03 AM
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Re: 1% Myth destroyed - 1 Man moving from New Jersey to Florida causes $140 million tax deficit
Taxation = The slave system that Jesus/Yeshua was against.
KIT
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12/11/2017 12:10 AM
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Re: 1% Myth destroyed - 1 Man moving from New Jersey to Florida causes $140 million tax deficit
[link to www.dailymail.co.uk]

A billionaire hedge fund manager's decision to quit New Jersey for Florida means the struggling state is set to miss out on a desperately-needed $140million in income tax.

David Tepper, 58, has listed a Miami Beach property as his permanent address and registered to vote in the Sunshine State as he bids to move his financial operations south.

However, with an estimated worth of $11.4billion, the decision has rocked income tax estimates in New Jersey where he has lived and operated for several decades.

Frank Haines, a budget officer with the Office of Legislative Services, said: 'We may be facing an unusual degree of income-tax forecast risk,' Bloomberg News reported.

This was due to the fact 40 per cent of the state's revenue comes from income taxes, and a third of this comes from the state's richest 1 percent.
 Quoting: Latucher


How does this destroy the myth? It is great support for it. How could this guy possibly contribute that much productivity?

Answer : he doesn't.

He is the beneficiary of the ridgged casino that is our economy. His investments produce no tangible benefit to the world other than redistributing money in its own direction.
 Quoting: Anonymous Coward 19581838


Thats true. There are two kinds of people in this world. Those who produce and those who dont. Hedge fund managers produce the same as a person living on welfare. Nothing.
 Quoting: Anonymous Coward 21132687


You are 100% WRONG!! Where do you think the money comes from to pay operating costs, hire labor, buy machinery, buy tooling , hire scientists to research new tech.

These capitalists, provide the capital to build the infrastructure. Go read a history book about how humanity came out of feudalism and into the industrial age.
Anonymous Coward
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12/11/2017 12:26 AM
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Re: 1% Myth destroyed - 1 Man moving from New Jersey to Florida causes $140 million tax deficit
He can move back, it is OK we don't want him here.
Anonymous Coward
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12/11/2017 12:29 AM
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Re: 1% Myth destroyed - 1 Man moving from New Jersey to Florida causes $140 million tax deficit
I know a mega billionaire who will soon be leaving a high tax
blue City/State for a no tax state. He told me he is fed up with entitlement payments to continuous generations of receiving minorities, he said largely black and Hispanic, who produce babies with no means to self-support anyone. He believes that his mega tax revenue provided to his state enables such entitlement paying behavior. And he has mega income friends who will be making the same move.

He told me he is in favor of voluntary sterilization of men and women wherein each would be paid $x, being a very attractive amount, for an irreversible procedure. Of course, if they then wish to overdose and die on drugs with their newly earned funds its their business, wherein they will then be dutifully buried in unmarked Potter's Field graves or, better yet, cremated as its cheaper. All makes much sense to me ... and likely tens of millions of others within the USA.
Anonymous Coward
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12/11/2017 12:31 AM
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Re: 1% Myth destroyed - 1 Man moving from New Jersey to Florida causes $140 million tax deficit
DON'T COME TO FLORIDA...WE'RE FULL

We don't need anymore Yankees with your shitty driving, obnoxious twangy accents, and ideas about how you want to change our tropical paradise into New York or New Jersey!
 Quoting: Anonymous Coward 73778678

Do you own Florida?

Based on what authority you think you're entitle to demand who can or can't come?
 Quoting: Anonymous Coward 75967226


Why should we want to be invaded, again, by Yankees?
Of course, being a German, you wouldn't understand.
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