We are always told that NY pays more than it’s fair share of taxes. But now the truth comes out. The only thing that was keeping it afloat was the federal tax subsidy.
[We are always told that NY pays more than it’s fair share of taxes.]
Actually the countries taxpayers were subsidizing the state income tax write off in these high tax states.
Look for NY and these other states to raise taxes on everything that isn’t nailed down and raise fees like vehicle registrations, etc. Then it will be a self fulfilling disaster spinning out of control.
Gov. Cujo has been depopulating the state for 9 years now with a million residents fleeing in that time. Its got nothing to do with the new tax law.
When my husband was in the Army, which was Forty years ago on May 31; and he served almost 22 years of which he did two tours in Vietnam (both voluntary he never voted because he was from Upstate New York and their taxes were always high.