They have lots of mobility:
New York Assembly Speaker Sheldon Silver is reportedly pitching a plan for an increased “millionaire’s tax” aimed at 75-85 thousand New Yorkers making $1 million or more a year.
And for those brokers who don’t move, consider this. The top earner types among brokers will demand pay raise to maintain their levels of income, their firms will achieve this by raising fees. The Result? This will turn into a tax on stockholders no matter where they live.
WTG New York
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