💰 Financial Record
paymentTransaction Details
Amount
USD
$104,300.0
Payer (From)
Hedge fund manager
Linked to Hedge fund manager
Payee (To)
New York City/State
Linked to New York City/State
Description
Hypothetical extra city/state tax paid by a hedge fund manager in New York City on a $1 million income compared to Florida.
Additional Details
Date string:
Amount string:
104300
Source document:
HOUSE_OVERSIGHT_033561.jpg
📄 Source Document
HOUSE_OVERSIGHT_033561.jpg
ESTATE Collection
Document Summary
This document is an email from January 21, 2014, forwarded to 'jeevacation@gmail.com'. It contains a DUJOUR article titled "Why Palm Beach, Florida Is The 'New Greenwich' For Wall Streeters," which discusses the migration of hedge funds and wealthy financiers to Palm Beach. The article attributes this trend to Florida's lack of state income, estate, and capital gains taxes, as well as the impending deadline of Section 457A of the Internal Revenue Code, which required repatriation of offshore funds.
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