New York Needs to Raise Taxes

serf

December 10, 2020 02:59

Get ready for this to grow across the country especially with Leftist Democrats in office.

serf

https://www.wsj.com/articles/new-york-needs-to-raise-taxes-gov-andrew-cuomo-says-11607545030

Republicans have said they oppose such increases, and business groups have warned that raising taxes on the wealthy could prompt some of them to leave the state. Mr. Cuomo’s budget director, Robert Mujica, has previously noted that about half of the state’s personal income tax revenue comes from the highest-earning 2% of taxpayers.

“New York is one of the highest taxed states in the nation, and raising taxes will result in the continuation of the exodus from this state,” Senate Minority Leader Robert Ortt, a Republican from Niagara County, said in a statement.

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  truthful

  December 10, 2020 22:58

  A wealth tax seems to be in the democrat play book. Not just an income tax, but in ADDITION to an income tax and social security tax, it will be a wealth tax. It will operate much like a property tax, ie, you get taxed on what you own, have in the bank, investments, etc. Here it comes folks. Aren't you glad you voted democrat?

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  chiefr

  December 12, 2020 01:59

  Wealth taxes are merely fresh meat to the poor and middle class minions that do not have enough gray matter to understand it is they who will ultimately foot the bill of the tax increases on the rich.

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