Friday, January 25, 2013

The tax man cometh

From the NY Post:

New York’s a tax hell — according to Gov. Cuomo’s own budget proposal.

The state and localities took $14.71 of every $100 New Yorkers earned in 2010 — second most in the nation after Alaska and 42 percent above the $10.38 national average, according to Cuomo’s budget division and census data.

Budgeteers suggest taxes paid by high-earning out-of-state commuters and tourists inflate New York’s numbers.

And Cuomo aides noted that since he took office in 2011, he limited property-tax growth to 2 percent a year, cut middle-class income-tax rates and approved a state takeover of future local Medicaid cost increases.

But critics faulted him for increasing income-tax rates for high earners, extending some taxes and fees and failing to provide enough relief to localities from unfunded state mandates.

1 comment:

Anonymous said...

Who's kidding who Mr Cuomo? You are a bigger phony than your father!