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I kinda agree with Nanny Bloomberg on this one . This is a huge city and a huge city costs money to keep it going. Lots of it.
It has to come from somewhere. And many people in NY are unemployed or relies on some sort of gvt.help
There are many people that rely on these services just as Washington is cutting the amount of food stamps they give.
Of course they are going to court the mill/billionaires to come and spend that mula and provide desperatley needed tax dollars
Bloomberg just went ape sh*t with it and started to alter neighborhoods too fast too soon. Made NY lose alot of its original grittiness and character. He knew no balance.
Nyc is always evolving and history tends to repeat itself. Eventually there will be a "flight" of some sort from these areas and the cycle begins again..
Actually, 5 million NYers do not work (or, don't report income or pay income taxes)!
34,500 NY "1%ers" pay 43% of NYC income taxes, 345K pay 71%, 8 million pay less than 29%. I.B.O.: The highest-earning 10% pay 71.2% of city taxes; the top 1% out-earns the next 9 | Capital New York Council's James Oddo Isn't Buying That 1% Stuff | New York Daily News
"The top 10% of city taxpayers (about 345,169 payers) accounts for 71.2% of the city personal income tax. The top 1%, or about 34,598 people, pays 43.2% of the total burden.
About 1.18 million filers pay no New York City personal income taxes at all, and some who live in poverty receive “refund” payments of the values of their earned income tax credit, child care and dependent care credit."
8.4 million residents, 3.45 million taxpayers, 345K top-tenth earn 58% of income, pay 71% of NYC income tax. Top 1% of taxpayers (34,500) pay 43%, bottom 70% (2.4 million) pay 8%.
Last edited by bigjake54; 11-24-2013 at 11:28 PM..
Actually, 5 million NYers do not work (or, don't report income or pay income taxes)!
34,500 NY "1%ers" pay 43% of NYC income taxes, 345K pay 71%, 8 million pay less than 29%. I.B.O.: The highest-earning 10% pay 71.2% of city taxes; the top 1% out-earns the next 9 | Capital New York Council's James Oddo Isn't Buying That 1% Stuff | New York Daily News
"The top 10% of city taxpayers (about 345,169 payers) accounts for 71.2% of the city personal income tax. The top 1%, or about 34,598 people, pays 43.2% of the total burden.
About 1.18 million filers pay no New York City personal income taxes at all, and some who live in poverty receive “refund” payments of the values of their earned income tax credit, child care and dependent care credit."
8.4 million residents, 3.45 million taxpayers, 345K top-tenth earn 58% of income, pay 71% of NYC income tax. Top 1% of taxpayers (34,500) pay 43%, bottom 70% (2.4 million) pay 8%.
I did not ask for this information. Go buzz off man! Does 5 million NYers that dont work. Hmmm thats primarily the young, the old a d the sick that collects ssi.
Obviously practically no one posting here will agree with Bloomberg on this, but he is dead right. The poor people making up a way-too-high percentage of the population certainly aren't paying into the tax funds their lives depend on. The ever shrinking middle class cannot afford it all, so where is it coming from? There's no logical way to argue against millionaires being important to the NYC economy.
Bloomberg just went ape sh*t with it and started to alter neighborhoods too fast too soon. Made NY lose alot of its original grittiness and character.
Yeah ok, as if the old gritty NYC was a safe and desirable place to live in. Thank God those days are long gone and never come back. Unless Mayor elect De Bozo imposes his radical left wing agenda upon us.
I did not ask for this information. Go buzz off man! Does 5 million NYers that dont work. Hmmm thats primarily the young, the old a d the sick that collects ssi.
Repped! No room to discuss facts and statistics around here. Must live under the words of nywriterdude.
Actually, 5 million NYers do not work (or, don't report income or pay income taxes)!
34,500 NY "1%ers" pay 43% of NYC income taxes, 345K pay 71%, 8 million pay less than 29%. I.B.O.: The highest-earning 10% pay 71.2% of city taxes; the top 1% out-earns the next 9 | Capital New York Council's James Oddo Isn't Buying That 1% Stuff | New York Daily News
"The top 10% of city taxpayers (about 345,169 payers) accounts for 71.2% of the city personal income tax. The top 1%, or about 34,598 people, pays 43.2% of the total burden.
About 1.18 million filers pay no New York City personal income taxes at all, and some who live in poverty receive “refund” payments of the values of their earned income tax credit, child care and dependent care credit."
8.4 million residents, 3.45 million taxpayers, 345K top-tenth earn 58% of income, pay 71% of NYC income tax. Top 1% of taxpayers (34,500) pay 43%, bottom 70% (2.4 million) pay 8%.
Do you really believe 5 million out of 7 million new yorkers aren't working or paying taxes? Seriously??
I swear the spread of misinformation on here is ridiculous.
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