Photo credit: @julesdwit.
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Liz Krueger, who represents Manhattan's 26th district in the New York State Senate, reacts to reports that Governor Cuomo will propose a higher tax rate for high income earners.
Every time they have a segment on taxes, they should explain the concept of marginal tax rates. For each tax bracket, you only pay the rate for the portion of you income in that bracket. If they cut rates under $100k, and you make *a little over* $100k, you'll still see a tax cut because the bulk of your income will be taxed at the new lower rate. The caller from Suffolk county didn't seem to get this, and neither Brian nor Senator Krueger clarified things. She merely assured the caller that his taxes wouldn't go up under her plan, when in fact, they'd probably go down.
Yes, there IS a commuter tax. The MCTMT (Metropolitan Commuter Transportation Mobility Tax) which is paid by people like me who work at home and don't commute at all. I travel from my bedroom to my studio within the walls of my apartment and yet I have been charged this new mis-named at the least tax. Where is the commute, the transportation or the mobility in what I am being taxed on???
It's comical to hear New Yorkers call for progressive taxation _only_ if it benefits them. The fact is that upstate New York if far poorer on average than the city. So under a progressive system, upstate _should_ see some redistribution from the city.
The caller who whines about how hard up he because he only makes 100,000 per year is in the top 15% of income earners nationwide.
SERIOUSLY!? Did she just have the nerve to say to this caller's doing pretty well? What incredible nerve! Answer his question and don't pass judgement on what he earns!
going from $80K to $100 in this economy when the rest of us are taking cuts???? This guy needs to go cry to someone else. He should be paying more.
Why don't they tax New York State Pensions? Is it fair that a government worker making $100,000 year in a NYS pension is not subject to state or city income tax?
Funny, the Sen. doesn't mention cutting an ounce of spending in her "modelling." NY is the highest taxed state in the Union, so her solution is to raise even more taxes?
Just like any career politician, Liz is a serial promise-breaker. Because the feds broke their promise, that makes it ok for Albany to do the same?
Isn't this just another case of the Democrats failing to properly articulate their case? If one lets a current tax expire and replaces it with a similar tax, the tax level stays more or less the same. This is NOT raising taxes. It's just not lowering them. They have to define the issue as such, lest they be branded as raising taxes, which will make this proposal DOA...
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