Bull_Is_Back
Heisman

Posts: 6,024
Joined: Oct 2016
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I Root For: Buffalo
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RE: NY Dem Gov.Cuomo: New York Exploring Ways To Circumvent GOP Tax Cut
This is going to be a shift from taxes to fees, but in a state as highly taxed as NY, which also has high fees, how do you fix this? Also the State can't fix the local property taxes.
I suppose they could raise the sales tax. They are pretty low at a 4% state rate. They could also look to implement a capitol gains tax while lowing the income tax.
I think the big take away here is that the GOP tax cut is not an assault, because the states can clearly change how they raise income. Unlike the ACA which was an attack, that forced people to buy a product they did not want.
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| 01-04-2018 10:19 AM |
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