In already overtaxed New York, our legislative leaders are talking about raising taxes again and lying about it.
Some legislators are pushing a so-called “Millionaires Tax”. There is only one thing, this “Millionaires Tax” would apply to any household with an income of $250,000 a year.
Setting aside the deception of the name, I have two major problems with this:
- Taxing upper-income people will dissuade corporate executives from wanting to stay in New York and cause more companies to leave. Every time New York raises taxes, a corresponding number of Fortune 500 companies have left our state and our well earned reputation for high taxes makes it nearly impossible to recruit other major companies to replace them.
- These taxes will end up hurting our local charities. James Tilley, chairman-elect of the United Way of Buffalo and Erie County said in the Buffalo News: “My sense is that private industry as well as charitable organizations will fare better if individuals are allowed to determine where they want their money to go, which is another way of saying I think lower tax rates are better.”
Fairness is just an excuse to take from one group of people and spread it to another.
You can read a recent article about this tax HERE.
7 Responses for "More Taxes?"
WHEN, will our Governor and Legislators quit thinking if their own political future and stand up to the Teachers Union, the Civil Servants Union, the Welfare state. When are we going to stop encouraging immigrants to come to New York unless they have emoployment and can supporrt themselves?
Get these items under control, there will not be a devastating need for higher taxes, user fees etc.
NYS government employees should not be able to receive their s.s. medicare payments back from the unions or whereever they get them when other seniors do not get the $96.40/person refunded. We are sick of subsidizing the state workers unions. Even if the money is coming back through the union funds, the NYS taxpayer is still the one who is paying for this. All that’s going to happen is more and more seniors will leave the state along with the private businesses who can no longer afford to do busines in this state. It’s time for this state to renegotiate state employees retirement because the state can no longer afford it. Medicaid benefits are also killing the taxpayers too. It is much abused by both recipients and medical providers. ENOUGH! STOP THE MADNESS!
I am getting a bit fed up with this “Fair Share Tax” the State unions are pushing. While I am nowhere near the $250, 000 per year that they want to tax at a higher rate, I am often turned off by their campaign that states this group should pay a higher percentage tax than the rest of us because it is ‘Fair.’ These unions are crying for ‘fairness’ when they pay no NYS income tax on their taxpayer supported pensions. I am not one who has their wisdom knowing what is “Fair,” but I sure as Hell know that 0% which they pay is NOT FAIR. This overly expensive free ride must stop.
So, because the state worker pension earned less that whast was expected, the taxpayer has to make up the difference? Why don’t the unions pick up what I lost in my 401k?
I am sick and tired a special interest group who represent a small percentage of the total voter population running this state into the ground! The elected, no sorry, bought and paid-for public officials do NOTHING to represent the non-union taxpayer.
How can we tell Albany we are cutting out budgets and we will no longer pay any increases in out income and property taxes? I think it’s time for a Tea Party, I think we should begin with an effort to “Impeach New York” and bounce every one of those boneheads out of Albany.
When is enough enough??!
This line of thinking will eventually devastate NY . I do not understand the thinking process. Our country was built on individuals working hard and being creative. They should get paid for their hard work. Why should they be taxed at a different rate.
I for one am PROUD of Mr. Galisano. He worked hard building a corporation that has employed countless numbers of people in our community as well other communities. He has contributed to the community in ways that touch all our lives including: schools, hospitals, community charities, built buildings. And yet there are those that continue to feel he owes more.
We are all capable of doing more for ourselves and other. It is WRONG to tax differently on income. If individual want more, or feel they deserve more than they should go out and earn it themselves and stop standing in line with their hands out.
I have long been a proponent of the flat percentage income tax coupled with taxes on luxury items. For those of us who fall in categories that could/will be penalized I would underscore that I have no problem with paying a flat, equitable income tax that is the same for all irrespective of income. Everyone does then pay their fair share. Those who have work hard and worked their way up (I started my career as a nurse) understand social responsibility. It is the never ending inequities in our system that are tiresome and cause many to look at moving their point of residence to the Florida home or Costa Rica! We need to invest in our communities but not be exploited by the mismanagement of government.
it is not about democrats or republicans rich or poor they are playing us against each other every body is being taken for a ride by ny taxation
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