New York on a tax hike binge
With a $17.7 billion budget deficit, the state of New York plans to institute about 100 new taxes, fees, fines, surcharges, and penalties. It will boost taxes and fees on cell phone usage, fishing permits, health insurance, electric bills, bottled water, cigars, beer, wine, and the like.
In addition, New York city is raising its top income tax bracket to 12.62%, crushing California’s latest increase to 10.55%. As these articles demonstrate, the myriad of new taxes will damage both high income and low income earners.
Ironically, the American Legislative Exchange Council said that New York possessed the worst economic outlook of all 50 states, and that was before the explosion of new taxes.
Read the articles here and here.
Concerned Citizen- Utah said:
Not to mention the up and coming proposed Energy tax that will make everyone's utility bills jump through the roof. All in the name of creating more jobs and doing global warming research. Of course opening new environmentally friendly power generators will open new jobs, but it will also close already operating plants causing the work force to even out across the board. Meanwhile everyone in the nation is going to be paying through the nose.
In these hard economic times the last thing we need is more taxes and higher expenses.
April 13th, 2009 at 8:56 am