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How many stay at home moms exist in the city, thats if they are only on welfare. I though most moms in NYC work to support their children?
Yes,I would also say that most do but most isn't all.The number who don't isn't inconsequential.I know quite a few myself who don't work. It all adds up.
How many stay at home moms exist in the city, thats if they are only on welfare. I though most moms in NYC work to support their children?
This is exactly what I meant. How is this not widely known ? I do not know myself, can only say that in various programs and projects I encounter many, many single and self-proclaimed "stay-at-home moms" on welfare. But I don't think this is enough to even estimate how many there are, what percentage of the population.
Lets not forget that the city obtains money not only from city taxes. City taxes don't really pay for a huge some of services. City has bonds, the city may have to take out loans from banking institutions. The city recieves grants from DC and Albany and last the annoying money maker fines. If the city had to soley finance and budger itself from city taxes via the 1 percent, the citt would really have a fiscsl nightmare.
The point is, that the incoming mayor proposes to completely fund full-day pre-school by increasing income taxes on the wealthy, who already pay the bulk of that tax.
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Originally Posted by Bronxguyanese
City has bonds, the city may have to take out loans from banking institutions.
The city has to repay those bonds and loans. Interest on municipal bonds is tax-free, which is why the wealthy buy them.
Quote:
Originally Posted by Bronxguyanese
The city recieves grants from DC and Albany
Generally, to provide services for the millions who aren't paying income tax.
Quote:
Originally Posted by Bronxguyanese
last the annoying money maker fines.
No one has to park illegally, or violate local ordinances. Those who do, pay.
The point is, that the incoming mayor proposes to completely fund full-day pre-school by increasing income taxes on the wealthy, who already pay the bulk of that tax.
The city has to repay those bonds and loans. Interest on municipal bonds is tax-free, which is why the wealthy buy them.
Generally, to provide services for the millions who aren't paying income tax.
No one has to park illegally, or violate any of the numerous local ordinances. Those who do, pay.
No shyt! Tell me something I dont know?
Can't wait till next year. Lets see what Albany has to say to De Blasio!
I did, but you are welcome to post alternative facts.
I understand the word "decile".
I've been working since I was 12. Filing tax returns since age 14. Will be earning income & filing taxes until I die. Most of those over 65 are receiving social security, many are receiving pensions, some are still working or at least reporting earned income from investments. All should be filing returns.
If you have some statistics reporting how many joint NYC income tax returns are filed, I'll be glad to click on the link.
You are the one jumping to conclusions. I quoted, accurately, that there are about 2.3 million NYers paying NYC income tax. Subtract that from the city's population.
You still haven't posted any facts, statistics or links to challenge my post. You are welcome to do so.
While you're at it, please respond to the main point, which was that less than 35,000 NYC taxpayers pay 43% of NYC's total income tax revenue.
Bloomie's total wealth is about one-third of an annual NYC budget. He did start with nothing, BTW.
Your claim was that 5 million New Yorkers do not work or work under the table, and thus pay no taxes. This did not follow from any of the numbers you posted, as I pointed out, and is obvious nonsense.
Now I have to admit I didn't think something through clearly, and assumed that the IBO study is counting a joint return as one "filer" rather than two. I don't know for sure if that's the case. However I think it's very likely that it is, because the Dept. of Taxation and Finance says there were 3.6 million "returns" in 2010, which is close to the IBO's 3.4 number for 2009: http://www.tax.ny.gov/pdf/stats/stat..._residence.pdf
If we assume the % is similar for returns in the city, the number of tax-filing adults works out to closer to 4.7 million. It might be off from that but I doubt it's wildly off.
The bigger point, though, was that it's extremely misleading to conclude, as you did, that 60%+ of New Yorkers are freeloading cheats without taking into account children (most of whom are under 14) and old people. You are mistaken, by the way, about seniors filing tax returns. SS income is not counted as gross income and so many seniors do not have to file.
I admit I didn't pay much attention to your post after the initial silliness, but to respond to it briefly: I just don't see it as a problem that we have a sharply progressive tax curve, or that people near the bottom don't pay anything. I doubt we'll ever agree on that, so I won't try to convince you, beyond noting that NYC is the center of a number spectacularly lucrative industries despite its steep tax curve, and there are successful societies around the world with even steeper curves.
In fact, the ONLY way that income disparity keeps increasing in the United States is because the taxation system is facilitating a TRICKLE-UP system. (Or maybe even GUSH-UP.)
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