Mayor Bloomberg’s statement in opposition to a tax increase for the wealthy in NYC that was proposed by governor Patterson:"One percent of the people that live in the city, the households that file in the city pay something like 50% of the taxes. In a city that's about 40,000 people so, you know, a handful left, any raise would make it revenue neutral. The question is, "What's fair?" If one percent are paying 50% of the taxes, you want to make it even more? A little over half the people, half the households who file tax returns don't pay any taxes. And about 30% of the households that file get a credit from the government. The government sends them a check. That's the Earned Income Tax Credit."
1 comment:
I heard this on Rush the other day; something like 46,000 people pay all the taxes for the rest of those in the entire city. Absolutely insane. Just wait til those 46,000 people decide to move out. Watch NYC fall like Detroit. It'll serve 'em right.
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