Showing posts with label new york top earners to be taxed 60 percent. Show all posts
Showing posts with label new york top earners to be taxed 60 percent. Show all posts

Thursday, July 16, 2009

Escape from New York - 2009

Not that New Yorkers aren't already leaving the state in record numbers, but the Obama administration intends to give them even more reason.

Congressional plans to fund a massive health-care overhaul could have a job-killing effect on New York, creating a tax rate of nearly 60 percent for the state's top earners and possibly pressuring small-business owners to shed workers.

New York's top income bracket could reach as high as 57 percent -- rates not seen in three decades -- to pay for the massive health coverage proposed by House Democrats this week.
Once again, is Obama really trying to create jobs?