Time, like money, is flexible when it comes to the way the state defines a “temporary” tax or fee.
As lawmakers debate extension of what was supposed to be a three-year-long millionaires tax, New Yorkers face paying a whole roster of other temporary taxes and fees.
Offered as temporary taxes for specific needs, the levies are renewed year after year, taking root and essentially becoming permanent.
In New York City, for example, wage earners are still paying an income tax surcharge put in place after 9/11, said Elizabeth Lynam, deputy research director at the Citizens Budget Commission.
“What is temporary one day is permanent on another day,” she said.
Another temporary-permanent tax is the surcharge on business taxes within the MTA commuter service area downstate….
You may also like
State’s Growing Budget Hole Threatens NYC Jobs and Aid as Congress Takes a Holiday
How Andrew Cuomo became ‘maybe the most powerful governor’ in U.S.
Study disputes Cuomo on Trump tax package; experts say it’s complicated
Empire Center sues Department of Health over nursing home records
Good news: That New York pork isn’t going out the door after all
New York Lawmakers Seek Independent Probe of Nursing-Home Coronavirus Deaths
Policy analyst: Cuomo wrong to write-off nursing home criticism as political conspiracy
EDITORIAL: Nursing home report requires a second opinion
How Andrew Cuomo became ‘maybe the most powerful governor’ in U.S.
- September 9, 2020
Study disputes Cuomo on Trump tax package; experts say it’s complicated
- September 17, 2020
Empire Center sues Department of Health over nursing home records
- September 18, 2020
Good news: That New York pork isn’t going out the door after all
- September 18, 2020
New York Lawmakers Seek Independent Probe of Nursing-Home Coronavirus Deaths
- September 20, 2020
