NEW YORK DEFECTOR: Dentist Larry Rosenthal is eyeing a move to Greenwich now that pols are pushing a wealth tax in New York$Queezing Them Out
New York Post
NYERS EYE EXIT AS RICH TAX LOOMS
DIANE RAMIREZ is successful in business, lucky in love, and a die-hard New Yorker. But don't push her too far.
She might walk.
"I love New York. I don't want to leave." But the thought of adding a so-called millionaire's tax which could affect couples making $500,000 is making tough New York life unbearable.
"This is the straw that's breaking the camel's back," said Diane, 61, the president of Halstead Property, who's considering Connecticut
"It's that one extra little thing that changes the balance. The thing that makes you think, 'Is this city the place you want to live?' "
Dr. Larry Rosenthal is a dentist to the stars perfecting the smiles of Saudi princesses and Hollywood royalty. He also loves New York. But does he love it enough to pay as much as 50 percent more in tax, on an income in excess of a million a year?
"I'm thinking of moving to Greenwich, Connecticut," said Dr. Rosenthal, who lives on the East Side, has a son in private school and gives a nice chunk each year to the American Cancer Society and Lou Gehrig's disease research. If he goes, so does all that.
"I could commute," said Rosenthal. "I could open a practice there. It's not far away. It's very approachable. It's sad, because we're the people who keep the economy going, paying mortgages and private school. Still, I have to consider what it costs to live here."
State government has put a target on the backs of folks like Larry and Diane, who face a potential hike on income estimated at a half-million to $700,000.
But all the millionaire's tax will wind up doing is chasing out folks who donate to charities, contribute jobs and pay the bulk of taxes. When these people are run out of town, what happens to everyone else?
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