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
Tag: Taxes and Spending
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
Producers of films made principally in New York will receive another $420 million a year in state tax subsidies under Gov. Paterson's 2010-11 Executive Budget. The proposed allocation of $2.1 billion for the film production credit over the next fiv Read More
Some thoughts on Governor Paterson's today that he expects his forthcoming 2010-11 Executive Budget to result in a 2011-12 "surplus" of $1 billion that he will propose using for "property tax relief" in the form of a new "circuit-breaker" income tax Read More
Josh Barro of Manhattan Institute has a strong at RealClearMarkets digging more deeply into the Rockefeller Institute's on quarterly state tax collections. Key take-away: "states without income taxes are generally showing admirable (and unsurpris Read More
On the surface, New York doesn't look too bad in Rockefeller Institute's on tax trends in the 50 states. Albany's tax receipts in the third quarter declined by 8.9 percent, compared to a national average of 10.7 percent, the report says. New York Read More