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One Top Taxpayer Moved, and New Jersey Shuddered
“ In 2016, a single hedge-fund manager moved from New Jersey to Florida. He made so much money, and paid so much in taxes, that this move threatened to throw the NJ budget out of whack. ”
“ When wealthy people buy art as an investment, they often never even see it. Special facilities exist to store the art, tax-free, under their ownership. ”
Who pays the lowest taxes in the US?
“ When you just consider income taxes, wealthy people pay a higher percentage in taxes. But when you consider all the other taxes – payroll, property, and consumption – the curve starts to straighten out. ”