Top Terrible things about NY you must know and should consider with all things:

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Once again, again, AGAIN… New York ranks among the 2 worst states having the worst tax climate in the nation!

With NY Still Trailing On Taxes, Biz Groups See More Work Needed

From the Morning Memo:

The Tax Foundation once again ranked New York among the states with the worst tax climate in the nation — something that doesn’t surprise the business groups that lobby for changes in Albany.

The group ranked New York 49th in the nation in overall taxes — a spot the state has typically held in recent years, despite a push to cut taxes and cap property tax levy increases on the local level.

Gov. Andrew Cuomo’s administration knocked the report and the Tax Foundation (which candidate Cuomo has cited in campaign literature), while also pointing to the strides the state has made on the issue.

“Their obvious ideology aside, the facts are that this administration has been rigorous and effective in constraining State spending growth to the lowest level in modern history – resulting in lower taxes for all New Yorkers,” said Division of Budget spokesman Morris Peters.

“We now have the lowest corporate tax rate since 1968, the lowest manufacturers tax rate since 1917 and, with the new income tax cuts phasing in this year, the lowest middle class tax rates since 1947.”

The Business Council, in a tweet, also noted the gains the state has made.

“We’ve made some decent strides in recent years, but clearly much more can and must be done,” the group said.

And Unshackle Upstate called the ranking part of the “sad status quo.”

“Our leaders in Albany must step up, embrace and enact an aggressive agenda that reduces our tax burden, cuts regulatory red tape and promotes private sector job growth,” said Executive Director Greg Biryla. “Until that happens, we’ll continue to be in the economic basement with New Jersey.”

This entry was posted by Nick Reisman on October 18, 2017

On Sunday, Americans Will Be Free, BUT in NY you’re still rendering unto Caesar (Cuomo) until May 11th !!!

On Sunday, Americans Will Be Free

The nationwide average for paying off your total tax bill comes April 23. (and in NY which is among the 3 worst states in the Country, you are still economically enslaved until May 11th!)

So how about some serious tax reform?

Michael Swartz · Apr. 21, 2017

For many years the Tax Foundation has performed a fairly complex set of calculations to find a simple and sobering result: the calendar date that American taxpayers finally pay off their total annual toll to the government — that is, their individual local, state and federal tax bills as an aggregate. The lone spot of good news is that we’re close. On average, Americans will pay off that onerous debt on Sunday, April 23 — one day earlier than last year. Still, it’s hardly cause for celebration.

The results are even more telling when the data are distilled to a state level. Taxpayers fortunate enough to live in Mississippi were freed from their overall tax burden back on April 5 — a full 47 days sooner than those who live in the lowest-ranked state, Connecticut. Those of us in our humble shop in Tennessee could celebrate back on April 7, as we have the nation’s second-lightest burden. And if you happen to be reading this in Utah today, allow us to wish you a happy Tax Freedom Day.

All of this is a relatively light-hearted way of comparing the burdens we all pay. Given the government spends an average of $31,154 per household, it’s more sobering to realize just where that money will go. By far the largest individual portion ($12,141) goes to the combination of Social Security and Medicare. The second-largest amount goes to programs lumped together under the “anti-poverty” banner ($6,143), with defense coming in third ($4,696). Per-household defense spending, however, barely outstrips the $4,393 deficit added to the national debt on each household’s behalf.

Over the last three decades, the Tax Freedom date has fluctuated with the general mood of the government in power at the time. Tax cuts under Ronald Reagan and George W. Bush have moved the date forward on the calendar, with George H.W. Bush, Bill Clinton and Barack Obama increasing rates, thus lengthening the time needed to get to Tax Freedom Day.

Like some of his GOP predecessors, revising and simplifying the individual tax code was a point on Donald Trump’s agenda as well, but his main thrust was a desire to cut the highest corporate tax rate in the industrialized world. It’s a point that scores well with four supply-side economics gurus. Writing in The New York Times, Steve Forbes, Larry Kudlow, Art Laffer and Stephen Moore argue that Trump needs to score a tax victory this summer, and the best place to begin is to cut corporate tax rates and allow for immediate, full deduction of the cost of their capital purchases. Add to that a modest repatriation fee on bringing foreign profits back to the United States, and the quartet believes these changes will help the economy. “The additional increase in real wages could be nearly 10 percent over the next decade, which would reverse 15 years of income stagnation for the working class in America,” they write. “And, if we are right that tax cuts will spur the economy, then the faster economic growth as a result of the bill will bring down the deficit.”

Somewhat more controversial about the approach that Forbes and his colleagues take is the idea that, as a sweetener to attract Democrat votes, a dedicated infrastructure fund should be created from the repatriated foreign profits. Regarded as a “good move politically,” if nothing else, it would kill two of Trump’s birds with one stone: corporate tax reform would be combined with investment in infrastructure.

In the short term, this free-market quartet concedes that tax cuts would enlarge the deficit, which was the case initially under both Reagan and Bush (43) when they reduced tax rates. But that would create a boon to the economy and lead to an increase in federal revenue, thus shrinking the deficit in years to come. This, of course, assumes that adults take charge of the purse strings and refrain from spending the new revenue before it comes in.

To bring this full circle, it’s worth going beyond the Tax Foundation’s report abstract to a chart that tracks Tax Freedom Day over time. A century ago, on the eve of World War I (and just after the passage of the Sixteenth Amendment) Tax Freedom Day occurred in late January. Although there’s been a little bit of relief since 2000, the year Tax Freedom Day fell on May 1 — “May Day” was perhaps appropriate, as this was during the last year of Comrade Clinton’s term of office — the fact that we spend well past a quarter of each year rendering unto Caesar should give everyone pause and make us question how we came to this point.

Hey Glick, ever here of freedom and personal liberty, to do or not to do: “NY lawmakers with dumb ideas”!

h 18, 2017

NYDN: Another Press Release Law by a NYC Democrat

Add Assemblywoman Deborah Glick to the list of NY lawmakers with dumb ideas. Ms. Glick wasted the time of the bill drafting office to propose mandatory voting enforced by a ten dollar fine.
It’s wrong on many levels, not to mention the practicality of enforcing it.
There are some reasons some don’t vote. Uncontested elections, a rigged campaign finance apparatus Ms. Glick surely is familiar with, the lack of offices to vote for, and the sense none of it matters.
Maybe paying New Yorkers ten dollars TO vote would be better than fining them for not.
http://www.nydailynews.com/news/politics/new-yorkers-don-vote-pay-10-proposed-bill-article-1.3001499