Deal in Albany Would Extend Higher Taxes on Top Earners

New York Times ^ | Arch 19, 2013 | By THOMAS KAPLAN

[Brad from Tennessee]

ALBANY — Congress dodged the so-called fiscal cliff in part by raising taxes on high incomes. California voters addressed their state’s school budget troubles with a surcharge on big incomes. And now Albany has decided to raise revenue with a high income tax rate for people with seven-figure incomes.

Gov. Andrew M. Cuomo and legislative leaders are finalizing a surprise deal to extend a high-tax bracket for the state’s top incomes. The bracket, first approved by lawmakers in late 2011 as a temporary response to disappointing revenues, does not expire until the end of 2014. But that year is an election year, and by deciding to renew the bracket now, Mr. Cuomo and lawmakers can avoid debating high tax rates while running for re-election.

[stanne]

Eh. They’ll still blame Bush.

[FlingWingFlyer]

Like the commie LIB ‘RATS always say, “SOAK THE RICH! The smokers have been tapped out!”

[Moonman62]

They’re trying to keep Bill Maher out of the state.

[JustTheTruth]

Wall Street will be a ghost town before too much longer. NY hasn’t figured out that a lot of their highly paid cash cows can trade securities and do deals while living in other states and countries. But, the cow will still be milked for all she is worth until she dries up entirely.

[Hoodat]

There is nothing more permanent than a temporary government program.

-Milton Friedman-

[PGR88]

The best course is to get the hell out of New York State.

New York has become the giant city of NY, based purely on finance and the hegemony of the US Dollar, and a vast countryside that looks like the poorest parts of Appalachia and decaying, emptying towns and cities of Upstate.

NY State’s politics is completely dominated by New York City and its Gov’t cronies.

Ny State will really hit the skids when our Gov’t destroys the US dollar and NY City no longer is the financial capital of the world.