NY’s latest tax gimmick by E.J. McMahon | | NY Torch

The second of two Election Eve check-in-the-mailbox tax credit gimmicks concocted by state officials in Albany is unfolding this week.

Most New York State homeowners outside New York City have received or are about to receive a payment equivalent to roughly 2 percent of their 2014-15 school property taxes—which will average roughly $60 upstate to $150 in downstate suburbs. This is on top of the $350 tax credit sent recently to families that had at least one child under 17 as of 2012.

What They Make, 2013-14 by Tim Hoefer & Daniel Russo | | Reports

Local government is a labor-intensive business, and employee compensation is the single biggest element of most municipal budgets. The 2013-14 edition of What They Make, the Empire Center's annual report on public payrolls, allows New York taxpayers to compare this key element of local government costs around the state...

How competitive is NY? (cont’d…) by E.J. McMahon | | NY Torch

New York State’s relative economic performance wasn’t so hot in the recent past — but its outlook for the future is worse, according to the just-released 7th Annual Rich States, Poor States report, an economic competitiveness index produced by the American Legislative Exchange Council (ALEC).

For whom the income tax tolls by E.J. McMahon | | NY Torch

By midnight on April 15, more than 8.5 million personal income tax returns for 2013 will have been filed with the New York State Department of Taxation and Finance. Roughly one-third of those filers will owe nothing, and big chunk of total PIT receipts will come from a tiny fraction of high-income taxpayers.

NY’s tax burden: still heaviest by E.J. McMahon | | NY Torch

New York ranks number-one in the Tax Foundation’s latest annual ranking of combined state and local tax burdens, released this morning. As of 2011, the combined per-capita tax burden on New Yorkers came to 12.6 percent of per-capita state income, the report said. The national average was 9.8 percent.