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New York State Tax Revenues Slump 36%, Is New York The Next California?
Zero Hedge ^ | 10/5/09

Posted on 10/05/2009 11:14:55 AM PDT by FromLori

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To: FromLori

21 posted on 10/05/2009 11:25:28 AM PDT by Bobalu (I AM JIM THOMPSON)
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To: Tzimisce
It is high time the “Red” states get the hell out of the Union before the socialist bill gets spread out nation-wide. Think inflation as a tax to bail these Leftie losers out...
22 posted on 10/05/2009 11:26:34 AM PDT by April Lexington (Study the constitution so you know what they are taking away!)
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To: FromLori

We know several people that are or have moved from CA. They just can’t make it there.


23 posted on 10/05/2009 11:26:58 AM PDT by freekitty (Give me back my conservative vote; then find me a real conservative to vote for)
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To: Bobalu
lol bo wants him gone threw him under the bus
24 posted on 10/05/2009 11:28:17 AM PDT by FromLori (FromLori)
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To: freekitty

I do not know who would want to live there now anyway with all the illegal aliens sucking off the system and their gangs and water problems, fires, quakes.


25 posted on 10/05/2009 11:29:47 AM PDT by FromLori (FromLori)
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To: FromLori

Why don’t they try something new? Like increase the fees for license renewal and car registrations?


26 posted on 10/05/2009 11:29:50 AM PDT by Scotswife
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To: FromLori

I am happy to have contributed to at least a couple thousand dollars of state income tax fleeing the state in the past year. Even if it was to PA.


27 posted on 10/05/2009 11:30:07 AM PDT by Dan Nunn (Some of us are wise, some of us are otherwise. -The Great One)
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To: FromLori
This one always stands out.

Bloomberg's Tax Lesson[1% are paying 50% of the taxes][New York]

'"One percent of the households that file in this city pay something like 50% of the taxes," explained the Mayor. "In the city, that's something like 40,000 people. If a handful left, any raise would make it revenue neutral. The question is what's fair. If 1% are paying 50% of the taxes, you want to make it even more?"'

28 posted on 10/05/2009 11:30:26 AM PDT by BGHater ("real price of every thing ... is the toil and trouble of acquiring it")
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To: FromLori
New York State Tax Revenues Slump 36%, Is New York The Next California?

These two states should be the richest, but because they have been run by the libs for so long, they are the ones crying for money.

Here's some free advice to both of them - try cutting spending.

29 posted on 10/05/2009 11:30:27 AM PDT by The Sons of Liberty (FUBO - When 0bama Fails, Freedom Prevails!)
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To: Scotswife

That is not my idea of trying something new mine would be like quit spending and quit taxing people to death.


30 posted on 10/05/2009 11:31:12 AM PDT by FromLori (FromLori)
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To: FromLori

sorry - should’ve added the /s tag.

No matter who is in charge of NY - repub or dem - they ALWAYS raise license and registration fees.
Just got mine in the mail.


31 posted on 10/05/2009 11:32:53 AM PDT by Scotswife
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To: FromLori

Is California the next New York?

No, New York is in a three way tie for first with Michigan, and Massachutesses. California is clearly pulling up the rear of “progressive” states trying to reach its first state bankruptcy. Remember, the race is measured in people leaving the state versus those entering. Cally is just now reaching NY status in chasing away taxpayers, give it another 40 years and see how progressive you are then.


32 posted on 10/05/2009 11:33:02 AM PDT by equalitybeforethelaw
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To: FromLori

This stuff gets to me.

During the various bubbles, the governments made out like bandits. They had more capital gains, FICA, medicare, and income tax “revenue”. That doesn’t even get into sales taxes, various carbon taxes (gas, heating, etc), and the Roth IRA conversion scams.

The one that really gauls me is property taxes at the local level.

Every level of gov’t in almost every jurisdiction expanded their spending far beyond the increases in “revenue”.

Not only that, but in states like mine (GA), we don’t have property value increase caps like FL. So we saw our home values increase dramatically (as did the little old ladies with old homes in the middle of the new big clusters) which resulted in much higher property taxes. Then, they still needed to raise millage rates during the last 10 years.

So why is it that these levels of government can double or triple their spending during the dramatic “revenue” increases, but they can’t cut back one red cent during down times? They still need to expand. They want to increase tax rates. They want to increase “services”. They want want want. But the tea partiers are the greedy ones?

Hell, in my county they tried to increase my home value by 20% this year even though there are foreclosures all around. It makes me burn with anger. All of it.


33 posted on 10/05/2009 11:33:55 AM PDT by laxcoach (Government is greedy. Taxpayers who want their own money are not greedy.)
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To: FromLori

I bet they miss Rush now.


34 posted on 10/05/2009 11:34:23 AM PDT by Little Ray (Obama is a kamikaze president aimed at the heart of this Republic.)
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To: FromLori

Tex revenue drops unexpectedly...


35 posted on 10/05/2009 11:34:41 AM PDT by ltc8k6
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To: FromLori

Simplified NY State Income Tax Form 1040-NY_SCRU:
1) Gross income for this tax year: $_______________
2) How much do you have left? $_______________
3) Add #1 to #2 and put here: $_______________
4) Multiply #3 by 1.15: $_______________
5) Subtract Democrat Donation: $_______________
6) Add 250% of GOP Donation: $_______________
7) Total Lines 4-6: $_______________
Mail Line 7 to DNC NY State Chairman or Charlie Rangel or Chuck Schumer (Keep Receipt)


36 posted on 10/05/2009 11:35:23 AM PDT by SES1066 (Cycling to conserve, Conservative to save, Saving to Retire, will Retire to Cycle.)
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To: FromLori

I don’t understand, we keep raising the tax rates and revenues keep falling...


37 posted on 10/05/2009 11:36:38 AM PDT by ltc8k6
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To: FromLori

Yep, the bigger trainwreck is gaining speed. Hope all are prepared for extended survival. It ain’t going to be pretty.


38 posted on 10/05/2009 11:38:57 AM PDT by Neoliberalnot ((Freedom's Precious Metals: Gold, Silver and Lead))
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To: FromLori
Economics 101: NY is clearly now at point B on the Laffer Curve:


39 posted on 10/05/2009 11:40:00 AM PDT by FormerACLUmember (When the past no longer illuminates the future, the spirit walks in darkness.)
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To: avacado

When will thse morons learn that government cannot continue to grow at the expense of the private sector?””

Taking down the economy is the goal of some including the muslim in charge of the white hut.


40 posted on 10/05/2009 11:40:19 AM PDT by Neoliberalnot ((Freedom's Precious Metals: Gold, Silver and Lead))
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