Tag: Migration

The Empire Center For New York State Policy is out with a new report today on the estate tax. Founding President and CEO EJ McMahon will have details. Read More

In a new report, a coalition of groups opposing New York's estate tax offered a full-throated argument in favor of Governor Andrew Cuomo's plan to lower its rate and raise its exemption threshold from $1 million to the federal level of over $5.34 million over five years. Read More

Gov. Cuomo is proposing the most significant reform and reduction of New York’s estate tax in 17 years. This is a big reason why public employee unions and their allied advocacy groups are now claiming that Cuomo’s tax agenda favors “millionaires and billionaires.” Read More

New York is now one of only 14 states still imposing any tax on estates — the cash, land, houses, financial assets and other property left by deceased residents. The state estate tax, also called the "death tax," is triggered once assets exceed $1 million. By contrast, the federal government only taxes estates worth more than $5.34 million, a figure that will rise with inflation every year. Read More

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About

The Empire Center is an independent, non-partisan, non-profit think tank located in Albany, New York. Our mission is to make New York a better place to live and work by promoting public policy reforms grounded in free-market principles, personal responsibility, and the ideals of effective and accountable government.