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Carl Icahn Is Heading to Florida
for Lower Tax Rates

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Posted By: Imright, 9/12/2019 9:41:19 PM

Billionaire Carl Icahn is planning to move his home and business to Florida to avoid New York’s higher taxes, according to people familiar with the matter.Icahn, 83, who was born in the Far Rockaway neighborhood in Queens, New York, has been an icon on Wall Street for decades. In the 1990s, he bought a mansion in the exclusive Indian Creek island enclave on Biscayne Bay in Miami.The move is scheduled for March 31 and employees who don’t do so won’t have a job, said the people, who asked not to be identified because the matter was private.A representative for Icahn declined to comment

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Reply 1 - Posted by: justavoter 9/12/2019 9:52:01 PM (No. 178410)
What took him so long?
7 people like this.

Reply 2 - Posted by: Safari Man 9/12/2019 9:54:49 PM (No. 178412)
Good, I own a lot of IEP.
5 people like this.

Reply 3 - Posted by: hooter 9/12/2019 10:18:24 PM (No. 178416)
Can't afford to die in NY as they confiscate half hour estate
4 people like this.

Reply 4 - Posted by: rinohunter 9/12/2019 10:20:25 PM (No. 178418)
I can't wait to leave this freaking state and the filth that they call politicians here.
5 people like this.

Reply 5 - Posted by: Words have Meaning 9/12/2019 11:09:52 PM (No. 178432)
Check with Rush for any specific questions. He has already done this and knows what pitfalls lie ahead. Be ready for an exit tax and prepare to be audtited every year for the rest of your life.
8 people like this.

Reply 6 - Posted by: LC Chihuahua 9/12/2019 11:19:55 PM (No. 178435)
And if Icahn should happen to put one foot inside New York, they will go after him claiming he still has residence in their state.
7 people like this.

Reply 7 - Posted by: john56 9/12/2019 11:41:12 PM (No. 178443)
Be prepared to cut most of your ties to New York -- doctors, lawyers, professionals, trades, business contacts. Be sure that any occasional visits to New York state (including airport transfers) are totally for personal reasons and be prepared to document each and every moment you spend there.
5 people like this.

Reply 8 - Posted by: Safari Man 9/12/2019 11:46:21 PM (No. 178445)
New York needs to build a wall to keep people from leaving.
5 people like this.

Reply 9 - Posted by: ColonialAmerican1623 9/13/2019 12:54:00 AM (No. 178461)
Is he a registered Democrat ? We don't want all of them moving here to change the landscape.
4 people like this.

Reply 10 - Posted by: Trigger2 9/13/2019 2:37:29 AM (No. 178488)
I can hear de Blasio now commiserating with Cuomo to demand every citizen purchase a coin operated toilet. Politicians, mucky-mucks and the freeloaders would all be exempt of course. Pretty soon after all the rich disappear in NY, Cuomo will have to live with what taxes he can extract from the working man. That is, if there's any jobs left. He could always turn over all of his mandates to the County like he routinely does on the new mandates, but they'd never be able to pay either. It's time for both of them to go.
2 people like this.

Reply 11 - Posted by: zephyrgirl 9/13/2019 11:16:59 AM (No. 178828)
Rush hasn't talked about it lately, but I remember him talking about his experiences with NY state tax authorities. I think he solved the problem by selling off his real estate and never going near the state.
0 people like this.

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