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He can shack up next to Rush Limbaugh. While I disagree with that man, he DOES pay almost $500k in property taxes each year on his Palm Beach mansion. (Valued at 48ish million $)
That's just over 1%, which is a pretty good rate. I don't feel bad. If they want to pay less taxes they can live in a normal house.
Florida, while it doesn't have a state income tax, has some homeowner's insurance and flood insurance issues that are completely out of whack.
I left FL over 10 years ago because my flood insurance had increased from $3,100 a year to $5,800 a year --- for a house that had NEVER had any flood damage since it was built in 1953. The house just sold again recently, and the new owners (old friends of mine) are looking at flood insurance rates that will approach $17,000 annually. Their alternative is to pay cash for the home, and self-insure, which they likely will. Regular homeowner's insurance rates are nuts, too, along with property taxes that have been creeping up steadily.
Granted, it's not like Hannity makes $40,000 a year, so he can probably handle the tax bill. But if they don't somehow fix the issues in FL around insurance, more and more people will be priced out of the market.
But even so, I cannot imagine living in Nassau County and paying those crazy taxes year after year after year....
Quote:
Originally Posted by Grsz11
That's pretty crazy. I knew somebody who sold car insurance In Florida and I think said the rates were double what they were in Pennsylvania, then doubled again in South Florida. Yes, Nassau County comes out to be around 8% of per capita income, but the rate of around 1.7% of the value is not outrageous. Lets not pretend this is a burden to Hannity, who makes 250 times the average resident.
Yes HOI and Car insurance are not cheap here.
There are talks of lower HOI rates due to a nice surplus since (knock on wood) there have not been any hurricane hits in several years.
But once a hurricane hits that is gone. The flood insurance is weird. Fema has these stupid flood zones drawn up that demonstrate the FEDGOV has really no knowledge of the Florida landscape. That should be left up to the state.
New York's loss is Florida's gain. Hopefully all the liberals left in New York get to pay even more taxes to make up for all the tax revenue Cuomo just drove out of the state.
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New York probably gonna just fold now that Hannity's leaving.
Quote:
Originally Posted by jojajn
Hannity can follow Limbaugh who said he would leave the country if Obamacare passed.
Yes HOI and Car insurance are not cheap here.
There are talks of lower HOI rates due to a nice surplus since (knock on wood) there have not been any hurricane hits in several years.
But once a hurricane hits that is gone. The flood insurance is weird. Fema has these stupid flood zones drawn up that demonstrate the FEDGOV has really no knowledge of the Florida landscape. That should be left up to the state.
That Flood insurance issue is a looming crisis that Florida politicians are going to be expected to deal with. I live on a "coastal ridge"... 30 ft above sea level (a veritable south Florida mountain!) so don't have to get flood insurance. It HAS stopped me from making moves on homes lower lying and closer to the water, however.
Most people with the kind of bucks Hannity has, however, probably won't bother to pay for flood insurance and will just "self insure."
What they are really doing is trying to figure out how much more in taxes they are going to have to pay to cover Hannity and his crew ALL moving to another state, taking their income tax, personal property tax, and all the other taxes they pay, out of state. They are probably in that one fell swoop, losing several million dollars in tax revenues.
When you figure, his show has paying advertisers, and ALL that income as well as the income from every station in the U.S, ( I think over 500 stations, Hannity is the 2nd highest listened to talk show in the nation), who pays to carry Hannity's show, is income that the state of NY, as well as the locality is it produced in, can no longer tax the show's revenue, that's a LOT of bucks.
You are a fool if you think anyone is picking up to follow Hannity to FL. Those people will stay in NYC and jump on other programs. NYC is the media center of the world.
IMO, this story (IF true, and IF he really does what it says he plans to do) just shows that Hannity (whoever he is) is a great deal smarter than many people say he is!
New York's loss is Florida's gain. Hopefully all the liberals left in New York get to pay even more taxes to make up for all the tax revenue Cuomo just drove out of the state.
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Sayonara. Arrivederci. Goodbye. Or as we say in New York, "See Ya Later."
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Sean Hannity Elects to Leave New York After Cuomo (D-NY) Says Conservatives Aren't Welcome There
