New York Considers Tax Increase

  New York Considers Tax Increase

With the budget deficity widening, New York is considering a tax increase on incomes.
“We are right now on the verge of cuts and service reductions that I would have to describe as life threatening,” Paterson said. “With situations like that, everything is on the table,” he said in response to a question about increasing the [...]

With the budget deficity widening, New York is considering a tax increase on incomes.

“We are right now on the verge of cuts and service reductions that I would have to describe as life threatening,” Paterson said. “With situations like that, everything is on the table,” he said in response to a question about increasing the state’s income tax for high earners.

To which, the logical response would be, “define life threatening” - to your career?


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With the budget deficity widening, New York is considering a tax increase on incomes.
“We are right now on the verge of cuts and service reductions that I would have to describe as life threatening,” Paterson said. “With situations like that, everything is on the table,” he said in response to a question about increasing the [...]


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