Private Jets Leave NY Minutes Before Midnight as Rich Flee Taxes

At New Jersey’s Teterboro and Long Island’s Islip airports, dozens of private jets destined for Florida take off at times such as 11:42 p.m. or 11:54 p.m.

Over at JFK, a regular flight from San Juan, Puerto Rico, arrives at a seemingly purposeful time: about 15 minutes after midnight.

Meanwhile, tax attorneys tell stories of clients idling in their luxury SUVs near the New Jersey entrance to the George Washington Bridge shortly before 12 a.m., waiting for the clock to turn before crossing the state line to New York.

Private planes take off just before midnight to avoid extra days in New York

Source: Getty Images/Getty Images

When it comes to taxes and the wealthy, every minute ...