(Newser) – Rush Limbaugh is parting ways with New York City, selling his posh Fifth Avenue penthouse for $11.5 million. Limbaugh, who bought the place for $5 million in 1994, recently said on his radio show that he was going to "get out of New York totally" because of a state income tax surcharge, and he predicted last week that LeBron James would bypass New York in order to save up to $20 million a year in taxes, the Wall Street Journal reports.
New York City taxes on the sale will total about $164,000, while New York state will take another $161,000. The ten-room condo features its own private elevator, a 30-foot-wide living room, and views of Central Park. The space is richly appointed with hand-painted murals, a gold-leaf ceiling and silk damask upholstered walls.
Photos: http://online.wsj.com/article/SB10001424052748704075604575357011508485830.html?mod=WSJ_hp_mostpop_read
DITTOS RUSH! Contemporary media musings with an emphasis on fighting truth decay.
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