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Ithaca Town board shows support of raising taxes on wealthy
Fingerlakes1.com local network ^ | March 11 2009 | Staff Reports

Posted on 03/11/2009 10:09:17 AM PDT by Behind Liberal Lines

ITHACA - The Ithaca Town Board supports raising taxes on New Yorkers who make more than $250,000 in order to stave off some cuts to education and healthcare and other "essential services."

The Board unanimously passed a resolution Monday urging state leaders to pass the Fair Share Tax Reform Act of 2009, which would increase tax rates for the top 3.5 percent of New Yorkers, according to their resolution.

Those with taxable income over $250,000 would see a 1.4 percent increase, to 8.25 percent of their total income. Those with income over $500,000 would see a 2.12 percent increase, to 8.97 percent total. Those with income over $1 million, would see a 3.45 percent increase, to 10.3 percent total.

"During the last 30 years, New York has reduced income tax rates on the wealthiest New Yorkers by more than 50 percent (from 15.375 percent to 6.85 percent) and eliminated high income tax brackets, so that working class families and the very rich pay the same tax rate: New Yorkers who make more than $40,000 a year are subject to the same marginal tax rate as those who make $400,000 or $40 million," the Board's resolution states.

"As a result, currently the richest 1 percent of New Yorkers pay 6.5 percent of their total income in state and local taxes, while the poorest 20 percent of New Yorkers pay 12.6 percent of their income in taxes."

The measure is expected to raise $6 billion, as a way to offset New York state's estimated $13 billion deficit in the 2009-10 fiscal year, according to the resolution.

The resolution will be forwarded to Gov. David Paterson, nine state Senators and Assembly members, and the state Association of Towns.


TOPICS: Business/Economy; Extended News; Government; News/Current Events; US: New York
KEYWORDS: cityofevil; democrats; ithaca; neomarxism; newyork; socialism; spreadthewealth; taxes
"Ithaca Town board shows support of raising taxes.."

And, in other news, rain is wet, the sun rises in the east and dog bites man.

Ithaca is the City of Evil.


1 posted on 03/11/2009 10:09:17 AM PDT by Behind Liberal Lines
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To: governsleastgovernsbest; gaspar; NativeNewYorker; drjimmy; Atticus; John Valentine; TLBSHOW; ...
City of Evil bump:


2 posted on 03/11/2009 10:10:24 AM PDT by Behind Liberal Lines
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To: Behind Liberal Lines

“The measure is expected to raise $6 billion”...

Not if people making more than $250,000 say F.U.! and move....


3 posted on 03/11/2009 10:11:33 AM PDT by AngelesCrestHighway
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To: Behind Liberal Lines

They’ll have to make it illegal to move..................


4 posted on 03/11/2009 10:11:55 AM PDT by Red Badger (The Zero has more Chicago Bull than Michael Jordan...................)
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To: Behind Liberal Lines

Maybe it’s just me, but maybe it isn’t a good idea to give the wealthy in your state good reasons to leave.


5 posted on 03/11/2009 10:12:31 AM PDT by the_devils_advocate_666
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To: Behind Liberal Lines

“Fair Share Tax Reform Act of 2009”

...they always to seem to find the perfect little catchy name! Then when people argue this, libs will say “What”!? Do you think it should be ‘The Unfair Tax reform Act’ and we lower your taxes you evil, rich SOB”?!


6 posted on 03/11/2009 10:13:18 AM PDT by albie
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To: Behind Liberal Lines
"Fair Share Tax Reform Act of 2009"

Straight out of Atlas Shrugged.

7 posted on 03/11/2009 10:15:16 AM PDT by villagerjoel ("Gun control is a prerequisite for genocide." - Unknown)
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To: Behind Liberal Lines
The Ithaca Town Board is hysterical.

I imagine them as a gaggle of 70+ year old, hairy arm-pitted women and effete bearded gnomish men, in Che shirts who haven't showered since the last time Captain Beefheart played the local student center.

In their minds, they really believe they are changing the world. Weed helps maintain the illusion, I'm sure.

8 posted on 03/11/2009 10:15:19 AM PDT by dead (I've got my eye out for Mullah Omar.)
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To: Behind Liberal Lines

9 posted on 03/11/2009 10:15:55 AM PDT by NativeNewYorker (Freepin' Jew Boy)
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To: Behind Liberal Lines
"During the last 30 years, New York has reduced income tax rates on the wealthiest New Yorkers by more than 50 percent (from 15.375 percent to 6.85 percent) and eliminated high income tax brackets, so that working class families and the very rich pay the same tax rate: New Yorkers who make more than $40,000 a year are subject to the same marginal tax rate as those who make $400,000 or $40 million," the Board's resolution states.

So, what's the problem?

10 posted on 03/11/2009 10:17:14 AM PDT by Skooz (Gabba Gabba we accept you we accept you one of us Gabba Gabba we accept you we accept you one of us)
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To: dead

Liberals ruin every single place they INFEST!


11 posted on 03/11/2009 10:17:46 AM PDT by unkus
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To: the_devils_advocate_666
Maybe it’s just me, but maybe it isn’t a good idea to give the wealthy in your state good reasons to leave.

or to take condign second amendment action.

12 posted on 03/11/2009 10:19:22 AM PDT by from occupied ga (Your most dangerous enemy is your own government,)
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To: Behind Liberal Lines

I expect a lot of rich NYers moving to more tax friendly areas in earnest this year. Places with small footprints for living.

Nobody seems to be crying that everyone, including the rich, have lost huge percentages of wealth since the market is tanking. Nope, we still gotta go after what people have left.

Yup, that’s a real encouragement to everyone. What happens eventually when YOU are in the class that ‘has too much’ and you’re the target...


13 posted on 03/11/2009 10:22:17 AM PDT by Secret Agent Man (I'd like to tell you, but then I'd have to kill you.)
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To: Behind Liberal Lines
"As a result, currently the richest 1 percent of New Yorkers pay 6.5 percent of their total income in state and local taxes, while the poorest 20 percent of New Yorkers pay 12.6 percent of their income in taxes."

That doesn't make any sense. The rich and poor pay the same percent of their income. Leftist math: when the answer just feels right.

Really there should be an extra tax for being poor. The poor use a disproportionate amount of government services. We should incentivize people to turn off the TV and do something useful with their lives.

14 posted on 03/11/2009 10:23:00 AM PDT by Reeses (Leftism is powered by the evil force of envy.)
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To: Behind Liberal Lines

The consistent message of Liberals is take from the productive to pay for the non-productive and support a government bureaucracy that creates no wealth.

People will leave and the Commies will still be wanting more money.


15 posted on 03/11/2009 10:23:47 AM PDT by wac3rd (In the end, we all are Conservative, some just need their lives jolted to realize that fact.)
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To: Behind Liberal Lines

So, where are ya movin’ to, Ithaca? Come on down South where livin’ is easy and life is good.


16 posted on 03/11/2009 10:24:24 AM PDT by HighlyOpinionated (The Constitution & Bill of Rights stand as a whole. Remove any part & nullify the whole.)
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To: albie

If they really wanted “Fair Tax Reform”, they could require everyone to pay the same percentage of their income, including the welfare cases. Even if they increase welfare in some way other than cash to help make up for the shortfall in indigent cases, at least everyone would have, as Obama calls it, “skin in the game”. When votes to increase or decrease taxes makes a difference to everyone, not just target populations, then sanity has more of a chance of prevailing. This method of targeting parts of the taxpayers by demonizing them and then proposing onerous taxes has got to stop.


17 posted on 03/11/2009 10:27:14 AM PDT by caseinpoint (Don't get thickly involved in thin things)
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To: HighlyOpinionated

“So, where are ya movin’ to, Ithaca? Come on down South where livin’ is easy and life is good”.

...careful what you wish for. Northern libs go south to escape taxes and bring their idiotic voting habits with them.


18 posted on 03/11/2009 10:31:19 AM PDT by albie
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...so that working class families and the very rich pay the same tax rate: New Yorkers who make more than $40,000 a year are subject to the same marginal tax rate as those who make $400,000 or $40 million," the Board's resolution states.

So let's do the math: $40,000 x 6.85% = $2,740.
$400,000 x 6.85% = $27,400.

So what's the problem ????... Libs always forget that "it's all relative" thing.

19 posted on 03/11/2009 10:41:17 AM PDT by Mopp4
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To: Secret Agent Man
What happens eventually when YOU are in the class that ‘has too much’ and you’re the target...

There are always exception for politicians and bureaucrats, because none of the wealth that they control is their own. Look at the Pelosi hag. She flies to and fro across the country at the taxpayers' expense. How much you want to bet that this is NOT listed as imputed income on HER W-2?

20 posted on 03/11/2009 10:42:27 AM PDT by from occupied ga (Your most dangerous enemy is your own government,)
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To: Behind Liberal Lines
who would want to become a doctor

go thru TOUGH classes in college, then med school

then internship, etc

and have $200,000 in loans to start practicing with a pampered and drug addled public

only to be told that your efforts are not anymore worthy of good income then say .

.a teacher...

who faced a slack 4 yrs of college and a cushy internship, 9-3:30, weekends, holidays, Christmas time, spring break, Easter,Memorial Day, Labor day and MLK day plus whatever else they can scrounge up as days off

and take the impossibly "difficult" education major /sarcasm/ and never get fired and earn just about the same....

and retirement too, at 55!

21 posted on 03/11/2009 10:58:02 AM PDT by cherry
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To: Behind Liberal Lines

And all this time I was led to believe NY was such a liberal and ‘progressive’ state. Yet they have been taxing their poorest citizens twice as much as their richest?

I am so shocked.


22 posted on 03/11/2009 10:58:56 AM PDT by Lorianne
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To: from occupied ga

Most people who have large earnings have access to outstanding tax advisors. Many will move the income out of New York by selling their business operations to a remote holding company. They will then spend enough time out of state to avoid the appearance of tax evasion. With today’s communications infrastructure, management can actually be anywhere.


23 posted on 03/11/2009 11:05:32 AM PDT by BillM
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To: BillM
Many will move the income out of New York by selling their business operations to a remote holding company

The tale of killing the goose that laid the golden eggs is lost on liberal politicians.

24 posted on 03/11/2009 11:29:39 AM PDT by from occupied ga (Your most dangerous enemy is your own government,)
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To: villagerjoel

My thought too - you beat me to the post!


25 posted on 03/11/2009 12:23:18 PM PDT by jonno (Having an opinion is not the same as having the answer...)
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To: Behind Liberal Lines; BIGLOOK; SunkenCiv; neverdem; Liz; The Mayor

Only a politician could state that raising the rate from its current rate by an additional 1.4 is a 1.4% increase.

It is actually about a 20% tax increase when the 1.4 number is divided by the current rate.

That is like saying if I buy something for a dollar and sell it for $3.00 I will take my 2% profit and run.

ht comments


26 posted on 03/11/2009 12:37:44 PM PDT by george76 (Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
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To: AngelesCrestHighway

Don’t worry. If they do this, there won’t be any rich.


27 posted on 03/11/2009 12:41:33 PM PDT by RC2 (http://www.worldviewradio.com/play.php?EpisodeID=10958)
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To: Behind Liberal Lines
$100bucks says NONE of them make over $250k so it wouldn't effect them ion the least...
28 posted on 03/11/2009 2:55:55 PM PDT by Chode (American Hedonist - Obama is basically Jim Jones with a teleprompter)
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To: george76; AdmSmith; Berosus; Convert from ECUSA; dervish; Ernest_at_the_Beach; Fred Nerks; ...
...supports raising taxes on New Yorkers who make more than $250,000 in order to stave off some cuts to education and healthcare and other "essential services." The Board unanimously passed a resolution Monday urging state leaders to pass the Fair Share Tax Reform Act of 2009, which would increase tax rates for the top 3.5 percent of New Yorkers, according to their resolution. Those with taxable income over $250,000 would see a 1.4 percent increase, to 8.25 percent of their total income. Those with income over $500,000 would see a 2.12 percent increase, to 8.97 percent total. Those with income over $1 million, would see a 3.45 percent increase, to 10.3 percent total.
Thanks geo.
29 posted on 03/11/2009 6:37:01 PM PDT by SunkenCiv (https://secure.freerepublic.com/donate/____________________ Profile updated Monday, January 12, 2009)
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To: Behind Liberal Lines

they should raise it to 100%. I am sure there would be no negative repercussions at all.

/sarc


30 posted on 03/12/2009 7:30:16 AM PDT by GeronL (Will bankrupting America lead to socialism?)
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To: GeronL

I would like to see some of the wealthiest NY’ers who currently donate to Cornell and IC tell their respective colleges that they are going to stop doing so immediately due to the possibility of their taxes going up and this resolution.


31 posted on 03/12/2009 7:44:32 AM PDT by Behind Liberal Lines
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To: Behind Liberal Lines

that would be nice.

I heard that in NYC about 40,000 pay half the city income taxes, or city budget or something. Those 40,000 should move and let the 8 million freeloaders see what taxation is.


32 posted on 03/12/2009 7:54:48 AM PDT by GeronL (Will bankrupting America lead to socialism?)
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