Buffalo Sabres Owner Prefers Florida Residency
Tuesday, May 19, 2009 at 10:10AM
Buffalo Sabres owner, Thomas Golisano, announced Thursday he is changing his residence from New York to Florida, citing the burden of income and property taxes in New York. Golisano is the founder and chairman of Paychex, Inc., and a former candidate for governor of New York.
Golisano made the announcement during his speech at the 2009 Financial Executive of the Year Awards luncheon, which is co-presented by the Rochester Business Journal, showing his Florida driver’s license in a slide accompanying the presentation.
In his speech, Golisano said the move to Florida will save him more than $13,000 in income taxes each day.
This is another high profile example of the attraction of Florida residency as a solution to high taxes and poor business climates. For the full article click the link below: