Free Republic 1st Qtr 2026 Fundraising Target: $81,000 Receipts & Pledges to-date: $15,463
19%  
Woo hoo!! And now only $737 to reach 20%!! Thank you all very much!! God bless.

Keyword: capitaltax

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  • Hey, New York, Thanks For Socking Us With This Ridiculous "Capital Tax"

    03/04/2011 5:36:20 PM PST · by george76 · 8 replies
    business insider ^ | Mar. 4, 2011 | Henry Blodget
    Yes, in New York, there's a "capital tax" -- a tax on money you have in the bank. New York, apparently, wants to encourage companies to take as much risk of bankruptcy as possible, by raising or retaining as little cash as possible, so it taxes them on cash they have in the bank. And we raised a whopping $3 million last summer, and we still have it in the bank. So that means we have to pay New York $10,000 of "capital tax" as punishment. Never mind that we've created 45 new jobs in New York and that most...