AceContinuum t1_jdynwb1 wrote on March 28, 2023 at 3:38 AM

Reply to comment by Neoliberalism2024 in New Yorkers overwhelmingly support bail changes ahead of state budget deadline: Poll by Grass8989

This idea is not new. There is an entire cottage industry of legal and accounting professionals dedicated to helping the wealthy prove that they haven't exceeded 182 days in NYS.

caspiam t1_jdyqyuv wrote on March 28, 2023 at 4:07 AM

Ridicules the idea that higher taxes will chase away millionaires.

Agrees that it's commons for millionaires to be chased away for at least half a year from ny to avoid taxes.

Gold.

AceContinuum t1_jdysicy wrote on March 28, 2023 at 4:22 AM

The wealthy folks who are already carefully tracking their days in NYS will continue doing that even if their taxes stay the same. And they will continue doing that even if NYC taxes fall dramatically. They will continue doing it unless NYC's taxes fall to Sioux Falls, SD levels, which is simply not realistic. So this group of people can be entirely discounted in any talk of income tax policy. They are not going to change their residency under any realistic income tax model.

The wealthy folks who are spending 183+ days per year in NYC now are going to keep doing that even if their taxes go up a few percent. This group of people wants to spend 183+ days per year in NYC and can afford to do so. These folks also aren't going to change their residency under any realistic income tax model.

The previous commenter suggested that there is a group of wealthy folks who will suddenly "discover" the 183-day rule if taxes go up a few percent. The idea that there is any sizable number of wealthy folks whose accountants and lawyers haven't told them about the 183-day rule years ago is ludicrous.