WIN/WIN/WIN. The Governor of New York, Comrad
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Posted On: 10/28/2020 12:32:48 PM
WIN/WIN/WIN.
The Governor of New York, Comrade Andrew Cuomo recently released a book called, American Crisis: Leadership Lessons from the COVID-19 Pandemic.
It’s puzzling how he was able to find the time to write the book, given that he’s been so busy being an amazing leader.
New Yorkers can thank Comrade Cuomo for the second highest per-capita COVID-19 death rate of any state in the Land of the Free, behind only New Jersey.
They can also thank him for an unemployment rate almost double the national average, due to New York’s strict lockdowns.
But while Cuomo was busy patting himself on the back, New York suffered another major loss.
This time it was billionaire Paul Singer, who recently decided to move his $41 billion hedge fund out of New York and relocate to Florida.
Like many office workers, most of the fund’s 500 or so employees have been working from home since March.
And many of them have already left New York, likely for the same reasons we have been writing about; strict lockdowns (which still didn’t stop COVID), civil unrest, and high taxes.
But New York still taxes most people who work remotely if their employer is a New York business. So in other words, an employee of Singer’s hedge fund who is working remotely from, say, New Hampshire, still has to pay New York state taxes since the hedge fund is domiciled in New York.
But not anymore!
The Governor of New York, Comrade Andrew Cuomo recently released a book called, American Crisis: Leadership Lessons from the COVID-19 Pandemic.
It’s puzzling how he was able to find the time to write the book, given that he’s been so busy being an amazing leader.
New Yorkers can thank Comrade Cuomo for the second highest per-capita COVID-19 death rate of any state in the Land of the Free, behind only New Jersey.
They can also thank him for an unemployment rate almost double the national average, due to New York’s strict lockdowns.
But while Cuomo was busy patting himself on the back, New York suffered another major loss.
This time it was billionaire Paul Singer, who recently decided to move his $41 billion hedge fund out of New York and relocate to Florida.
Like many office workers, most of the fund’s 500 or so employees have been working from home since March.
And many of them have already left New York, likely for the same reasons we have been writing about; strict lockdowns (which still didn’t stop COVID), civil unrest, and high taxes.
But New York still taxes most people who work remotely if their employer is a New York business. So in other words, an employee of Singer’s hedge fund who is working remotely from, say, New Hampshire, still has to pay New York state taxes since the hedge fund is domiciled in New York.
But not anymore!
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