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Tepper moving to Florida caused problems with the state of New Jersey's budget

KSpan

By KSpan,
in Carolina Panthers

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KSpan Grand Master

KSpan

Posted
Posted

Saw this elsewhere, good change-of-pace thread... Tepper is one wealthy man. Interesting article (from 2016) and a general topic that comes up for discussion any time a big-name free agent is considering contract offers.

https://www.nytimes.com/2016/05/01/business/one-top-taxpayer-moved-and-new-jersey-shuddered.html

"The New Jersey resident (unnamed by Mr. Haines) is the hedge-fund billionaire David Tepper. In December, Mr. Tepper declared himself a resident of Florida after living for over 20 years in New Jersey. He later moved the official headquarters of his hedge fund, Appaloosa Management, to Miami.

New Jersey won’t say exactly how much Mr. Tepper paid in taxes. But according to Institutional Investor’s Alpha, he earned more than $6 billion from 2012 to 2015. Tax experts say his move to Florida could cost New Jersey — which has a top tax rate of 8.97 percent — hundreds of millions of dollars in lost payments."

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Snake Grand Master

Snake

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Posted
10 hours ago, saints4lifeagain said:

What I've learned on Twitter today is that all billionaires should sell their belongings and give all of their money away. Seems like the answer to your question is 100%.

Socialism is key to your fair share. It solves the rich problem by making everyone poor. It's the perfect solution. 

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