WSJ reports that Rush has had it with NYC taxes and sold his condo on 5th Avenue.
Limbaugh complains on air about his numerous tax audits and decided to put his money where is mouth is and is getting out of Gotham. In a March 2009 rant he called "El Rushbo to New York: Drop Dead" he vowed to sell. And true to his word, he did just that. He even cut his price to get out. Gotta love a guy who owns his words.
Although he's pocketing a few million, he will have to pay tax for selling it. The NYC and New York state "transfer taxes" add up to about $300,000. It is reported that NYC also charges El Rushbo tax every day he works in NYC, which he cut back to just 15 days a year. I'm reasonably sure that few souls in NYC miss the guy.
Last week, Rush speculated that LeBron James bypassed NYC over the tax burden and joined the Miami team to save $12 to $20 million a year in state income tax.
In other El Rushbo news, InfoWars is thrilled that it seems Rush finally caught on to the great and powerful Oz behind the curtain and now preaches the truth that both parties are controlled by weak old men behind the curtain, with our political system as nothing more than an illusion designed to make us think we have a choice.
Relatively, while taxes aren't low enough here, Indiana is a deal. Heck, El Rushbo is #1 in Indiana, Steve Hilbert's mansion and Tim Durham's place is up for grabs, and no doubt he would make plenty of friends here among the anti-tax crowd. Indiana would make for a fine refuge during the upcoming Florida hurricane season!
There is a professional virtual tour of the Hilbert Estate with old photos from the 2006 Decorator Show House in case you are curious. The place is selling "as is", an indication there might be maintenance issues. Conseco accepts sealed bids up to August 27th on the place, and if you want it, you need to enclose just a $100,000 deposit. That's chump change for El Rushbo!
If you would like to invite El Rushbo to buy a fine estate in Indiana, write to him at ElRushbo@eibnet.com and tell him we have a decent record of fighting taxes.
Thursday, July 29, 2010
Posted by M Theory at Thursday, July 29, 2010