New Jersey's Tax Problem is that a few taxpayers make so much money they become golden geese – the State treasury can scarcely get along without them.
It's happening in Connecticut, too, as Jim Gust commented.
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Bridgewater Associates headquarters, Westport, Connecticut |
Connecticut's golden geese include Ray Dalio, the founder of the world's biggest hedge fund. Last year Bridgwater's chief enjoyed an income of $1.4 billion. Two of his lieutenants each made $250 million.
With immense incomes comes king-size clout. The State of Connecticut has come up with
$20 million to discourage Bridgewater Associates from moving out of state.
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