Posted on 03/21/2017 2:05:29 AM PDT by Brad from Tennessee
ALBANY, N.Y. — Some of the wealthiest New Yorkers are asking the state to raise their taxes.
Eighty people including George Soros, Steven Rockefeller and Abigail Disney wrote to lawmakers and Democratic Gov. Andrew Cuomo saying they and other top earners should pay more to support schools, roads, bridges and programs to help poor and homeless residents of the state.
“Now is the time to invest in the long-term economic viability of New York,” the letter reads. “We need to invest in pathways out of poverty and up the economic ladder for all of our fellow citizens, including strong public education from pre-K to college. And, we need to invest in the fragile bridges, tunnels, waterlines, public buildings, and roads that we all depend on.”
The letter, a copy of which was obtained by the Associated Press, endorses a plan that would create new, higher income tax brackets for top earners to raise a projected $2 billion.
Many of those signing the letter are millionaires and all make more than $650,000, making them members of the state’s top 1 percent when it comes to income.
The proposal is being pushed by the Fiscal Policy Institute, a liberal-leaning economic think tank. . .
(Excerpt) Read more at nypost.com ...
According to reports one of the eighty owes over six billion in back taxes. Wonder how much is owed by the other seventy nine?
The proposal is being pushed by the Fiscal Policy Institute, a liberal-leaning economic think tank. . .
“Far left”. A term you’ll never see used.
All the smart ones have already left the state, all the dumb ones signed the letter.
Of all the stupid things Cuomo could do, this isn’t especially bad. It has never made sense that a Rockefeller and his dentist have the same marginal tax rate.
Right, a progressive tax rate makes perfect sense . . to a progressive.
Exactly what I was going to say. These people are absolute frauds, they damn well know they can pay more at any time.
No one is keeping them from writing bigger checks.
No law prevents these blue bloods, these trust fund babies who are now probably pretty OLD, from giving their money to the state.
Because the trillions that have been spent since the '60's just hasn't been enough...
and they all have rooms full of tax attorneys getting them out of any tax imaginable...
BS. This just means 80 wealthy people have a way to not be subject to this tax but their competitors will be subject to a new tax. If I had a billion dollars in the bank at zero interest and I have no taxable income.
Wrong.. if they want so ly to pay, just write the check today. This is just political face saving after trumps returns were released. Let’s tweet them the address.
Yeah, right. How many of them took tax deductions?
If I had a billion dollars in REAL ESTATE you would be taxed until it ALL disappeared.
When Donald Trump saw problems at the Wolmann Skating Rink he didn’t go to the government and ask to have his taxes raised so the rink could be renovated. Perhaps these 80 people should follow his example and each focus on a project to make better using their money and talent.
why not?
If you're both paying the same percentage, you're paying the same amount of taxes. Granted the dollar amount is different, but your percentage is the same.
Libs use the same argument to justify the current progressive (regressive in my opinion) tax code we have.
They'll argue it's not fair that someone making 100,000 per yr pays the same percentage as someone making 30,000 per year and so on.
How facetious. Isn't asset based income taxed at a lower rate than salary income?
Why not just collect from tax fraudsters like the Reverend Al and tax-cheat Charlie Rangel?
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