Skip to comments.Cuomo Announces Temporary Tax On High-Earning New Yorkers To Be Extended
Posted on 03/21/2013 6:16:44 PM PDT by Hojczyk
But thats not Cuomos only pull back.
This state has no future if it is going to be the tax capital of the nation, Cuomo during his inauguration.
Cuomo then passed a supposedly temporary tax on high-earning New Yorkers that was due to end next year, but now, CBS 2s Marcia Kramer reported Thursday, thats not going to happen.
There will be an extension of the surcharge set to expire next year, Cuomo said Thursday.
And when asked at if that wasnt hypocritical, given his prior no-new-taxes positions, Cuomo tried to paint the tax hike as a tax cut, since the budget also provides the middle class with a $350 child tax rebate.
Some taxes go up, yes, and others go down and the net is they go down. Thats why its a tax cut, Cuomo said.
Business proponents are crying foul. Kathryn Wylde, president of the Partnership for New York City, said its a huge mistake that will hurt the economy and drive high earners out.
New York City, which is the economic engine of the state of New York, is in fact where the burden of this tax falls, Wylde said. Anything that hurts the economy of the city that hurts the ability of business to recruit high-earning, top people from around the globe and bring them to New York is a problem.
Wylde said that with federal tax changes that went into effect in January, these high-income New Yorkers will now be paying 54 percent of their earnings to the government, which is why they may succumb to the lure of no-income tax states like Texas and Florida, and Puerto Rico.
(Excerpt) Read more at newyork.cbslocal.com ...
Only fools live in New York State .. I got out in 1980.....Rush got out... Maybe Trump is next..
Hmmmmmmmmm. What a shock.
You New Yorkers voted for it.
No tax is temporary. Once imposed, it becomes part of the biosphere, harder to control than global warming (with which taxes have much in common).
There’s no such thing as a “temporary” tax. NJ’s inome tax was supposed to be temporary, but somehow it’s still in place.
The union salaries and fat pensions must be fed...
This state has no future if it is going to be the tax capital of the nation.
He must not be totally stupid.
Currupt, outlaw government.
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Good. NY needs to be knocked down to size, and who better to do it than Cuomo?
I got out in 1985 .
This is why elections should be by county. You win the county, you get 1 vote. Most votes win the state. This takes cheating out of the equation as well as disenfranchisement.
Going across the Verazzano and GW bridges gotta cough up $13.00 for the NY extortioners. Potholes are no charge however and there’s plenty of them. What a racket!
"This state has no future if it is going to be the tax capital of the nation, Cuomo during his inauguration.
Moved in 1984
I bet Rush will be laughing on the air tomorrow. What a crappy way to run a state. Let NY and Ca both go bankrupt and start over. They could not end up any worse than they are now.
Funny - there doesn’t seem to be any mention of a special tax on high-earning New Yorkers in all those “New New York” ads I keep seeing on TV, about what a great place NY is to open a business - wonder why they’d leave that out.......
look as long as people can live off the work of others, right?