Posted on 01/17/2018 8:08:11 AM PST by Mr_Moonlight
In a desperate move to “thwart” the federal tax overhaul, Gov. Cuomo said Tuesday he wants to make sweeping changes to the state tax code as he unveiled his new $168 billion budget plan.
The governor’s proposal would shift the state from collecting an income tax paid by individuals to a payroll tax paid by businesses — which would be fully deductible by businesses on federal returns. ... > snip < ... To close the state’s $4.4 billion budget deficit, Cuomo proposed $1 billion in new taxes and fees.
(Excerpt) Read more at nypost.com ...
Lil' Andy Cuomo plans to make up for the $4.4 billion deficit (yep, read that right: $4.4 BILLION Deficit !!), by (guess what?) ... raising taxes !!! And shifting the tax to employers, so as to "hide" the tax from We The People ...
It's the only thing these lefties know! /laughs
We're on to you, Lil' Andy ....
~ MM ~
So, Trump reduces them, and the insane leftist cooomo raises them.
Boy Cumo raises taxes, what an ars.
[And shifting the tax to employers, so as to “hide” the tax from We The People ... ]
Yep, these sc**bags have been using the state utilities as their tax collectors for years.
I know, right? And just how is this going to go over with the folks in NY?
Trump gives everyone a tax break. The people scream “yay!”.
Cuomo says “No, no, no, tax cuts are bad, mmmmmkkaayy? Here, let me tax you THIS way”
That’s gonna fly???? Seriously???
Sounds like a good reason for business to move out of NY. Smart move Cuomo.
A Democrat never met a tax they didn’t like. Andy cueball thinks he can blame it all on Trump. Never let a crisis go to waste.
If we had a State GOP worth a damn, it would be a great opening.
Garbage Cuomo a real despicable human, he will hurt all small businesses in his state to prove a point
“Cuomo proposes state tax overhaul”....
Translation: Bend over and spread ‘em New Yorkers!
Sounds like a really good way to spur business growth and encourage entrepreneurs! SMH!!
Leftie politicians in blue States are now on the spot to answer (or twist in the wind) ....
~ MM ~
Retirees are elated! Woo-hoo!! No more state income tax.
How would this work?
Businesses will reduce salaries to offset the additional payroll tax that substitutes for personal/individual income tax. Individuals make less money but might pay less in federal income tax. Lower income people that don’t itemize will go insane. All this just to help taxpayers who itemize.
Go for it governor.
Businesses going out of business borrowing money to pay extra taxes they ‘ll get back
“So, Trump reduces them, and the insane leftist cooomo raises them.”
And then they will blame Trump for it.
Money is their lifeblood. Piles and piles of money, seized from people who work their a$$es off to earn it. Without money they would be nothing. They love money. They hate it when the flow of easy money is reduced.
The left takes money from those who earn it and gives it to those who lob around, smoke pot, make babies, wail for more money, and who VOTE DEMOCRAT!
Better this arse says that it won’t cause businesses anything. Does a federal tax audit count?
I don't think businesses would like this solution. And does it pass legal muster? Where would the payroll tax go? To the general funds in the state coffers to be used for any purpose or to a special, earmarked fund? Sounds like a shell game.
I work for a company based in NY with offices in Indiana and Iowa. We are begging the owners to move out of NY to Indiana or Iowa.
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