Ken Lovett, Albany bureau chief for the Daily News, explains the new deal on taxes announced yesterday.
In general, one of the components of fraudulent financial transactions is to confront its victims with a level of complexity that causes them to throw up their hands, in frustration at understanding the deal in its entirety, and rely on some apparently advantageous part of the transaction to justify their acquiescence to participate. Opaque complexity, and the likelihood of uninformed consent, is also enhanced by fracturing a deal into separate parts (e.g., consenting to the expense part of a budget as a separate event from the income part).Luckily, in the matters of New York State tax policy we have wise guardians, such as this Governor, our state legislative leaders, and the selected "talking-mouth" guests and hosts of WNYC, who will understand where our best interests lie - even when we may not,
Can someone explain eliminating the MTA tax on small businesses and private and parochial schools? We all benefit, so shouldn't we all pay?
They eliminated the MTA tax on private and parochial schools. Did they reimburse the private and parochial schools for services they do for the state (attendance regents test etc)
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