Midnight Mike
2008-04-09, 02:06 PM
Oh yeah, that will work, go on & piss off the rich & then start moaning when they start leaving town :wink:
'Millionaire's Tax' Could Fund NYC Mass Transit
Democrats' Answer To Congestion Pricing: Tax Anyone Working In State Making $1 Million-Plus
Mayor Michael Bloomberg's congestion pricing plan may be dead, but Assembly Democrats do have a plan to raise money for mass transit: tax the rich.
It's what Albany calls a "millionaire's tax."
Yes, billionaires like Bloomberg will ante up, too.
Under the plan, people who earn over $1 million in New York state will pay an income tax surcharge of about 3/4 of 1 percent for five years. In all, it would raise over $5 billion for mass transit.
Supporters say that of the 75,000 affected taxpayers, about 35,000 don't live in New York.
http://wcbstv.com/politics/millionaires ... 95064.html (http://wcbstv.com/politics/millionaires.tax.congestion.2.695064.html)
'Millionaire's Tax' Could Fund NYC Mass Transit
Democrats' Answer To Congestion Pricing: Tax Anyone Working In State Making $1 Million-Plus
Mayor Michael Bloomberg's congestion pricing plan may be dead, but Assembly Democrats do have a plan to raise money for mass transit: tax the rich.
It's what Albany calls a "millionaire's tax."
Yes, billionaires like Bloomberg will ante up, too.
Under the plan, people who earn over $1 million in New York state will pay an income tax surcharge of about 3/4 of 1 percent for five years. In all, it would raise over $5 billion for mass transit.
Supporters say that of the 75,000 affected taxpayers, about 35,000 don't live in New York.
http://wcbstv.com/politics/millionaires ... 95064.html (http://wcbstv.com/politics/millionaires.tax.congestion.2.695064.html)