hile a relatively small number of taxpayers are shouldering the lion's share of the federal, state and city income tax burden, everyone will soon be footing a bigger bill for rising government spending. Nicole explains... Read More
Tag: Taxes and Spending
The l in today's New York Times profiles the 10 highest-earning hedge fund managers. A quick Google search indicates that only three of the firms run by these superstars -- Soros Fund Management, Paulson & Co., and Harbinger Capital Pa Read More
As its 2009-10 fiscal year draws to a close, New York is on track to collect roughly $500 million less than originally projected from last year's temporary "millionaire tax," which raised the marginal income tax rate by up to 31 percent on taxpayers Read More
State Comptroller Thomas DiNapoli today issued a that focuses on the budget process, but his most significant and potentially valuable recommendation deals with debt. Read More
From the folks who brought you New York's "millionaire tax," it's ... another millionaire tax. And a stock transfer tax. And a 50 percent Is this a great state, or what? Read More
A Democratic state lawmaker from Buffalo is urging U.S. Sen. Charles Schumer to oppose President Obama's proposed tax on financial institutions. Assemblyman Sam Hoyt says he believes the tax, which Obama calls a "Financial Crisis Responsibility Fe Read More
Chicago Mayor Richard Daley "is looking to lure employers from Oregon after that state's voters approved a huge tax increase last week," the Wall Street Journal . The tax hike in Oregon "will help our economic development immedi Read More
Governor Paterson's 2010-11 Executive Budget carries a hidden New York City personal income tax (PIT) increase for the city's wealthiest households. The increase would result from adoption of Paterson's proposed changes to the state School Tax Rel Read More