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New York needs tax reform, period. There are many beautiful areas upstate, but that doesn't mean anything if people can't make a decent living. I live in Ulster County, which sees some benefit from its proximity to the city, but there are better places to live, especially on the west coast.
The winters are tough, but learning to snowboard/ski has definitely helped me in that regard. Any northern area is going to be the same.
New York needs tax reform, period. There are many beautiful areas upstate, but that doesn't mean anything if people can't make a decent living. I live in Ulster County, which sees some benefit from its proximity to the city, but there are better places to live, especially on the west coast.
The winters are tough, but learning to snowboard/ski has definitely helped me in that regard. Any northern area is going to be the same.
I agree that the state needs tax reform, but you run into cost/tax issues on the West Coast as well.
Just bulldoze the state and start over. If a few NY politicians get caught under the bulldozer's blade, especially Cuomo, I'm sure no one will mind.
Every week there is a story about NY passing a new law/tax/policy/etc that just makes the state evermore disgraceful. Glad they are #1 in states losing the most tax revenue and glad to see they are losing ground with population. Good riddance.
Just bulldoze the state and start over. If a few NY politicians get caught under the bulldozer's blade, especially Cuomo, I'm sure no one will mind.
Every week there is a story about NY passing a new law/tax/policy/etc that just makes the state evermore disgraceful. Glad they are #1 in states losing the most tax revenue and glad to see they are losing ground with population. Good riddance.
Why, as what would bulldozing the state do? Man, that is some serious animosity........Perhaps the state should be able to keep its revenue, as it gives more than it gets as well. United States Federal Tax Dollars | CreditLoan.com®
I also wonder about how many people claim residency in other states, especially if they are million and billionaires just to get less taken out in taxes? Tom Golisano is a name that comes up in this regard.
Why, as what would bulldozing the state do? Man, that is some serious animosity........Perhaps the state should be able to keep its revenue, as it gives more than it gets as well. United States Federal Tax Dollars | CreditLoan.com®
I also wonder about how many people claim residency in other states, especially if they are million and billionaires just to get less taken out in taxes? Tom Golisano is a name that comes up in this regard.
NY puts in more because of business centers (Wall Street) being centered here, but that is national income being centered around a state. Same with California and Hollywood and its ports. They are national incomes centered around one state.
NY shot itself in the foot. It passed something like 16,000 new laws last year, next highest state was around 8,000. We are WORST for business, WORST for personal freedom, and HIGHEST for tax burden.
NY puts in more because of business centers (Wall Street) being centered here, but that is national income being centered around a state. Same with California and Hollywood and its ports. They are national incomes centered around one state.
NY shot itself in the foot. It passed something like 16,000 new laws last year, next highest state was around 8,000. We are WORST for business, WORST for personal freedom, and HIGHEST for tax burden.
I get the business taxation aspect, which is what they mean in that regard. Same with personal freedom, which is basically in reference to gun laws, etc. Tax burden is usually between a few other states, but again, the state puts in more than it gets back. Regardless of why that is, that is the case.
Either this year or next, NY will fall behind Florida in population. The consequences of this is that New York will lose members in the House of Representatives and will also lose federal funding for a variety of projects and programs.
While I'm a big fan of Governor Cuomo, his promises to revitalize Upstate seem to be falling woefully short. Not that I'm sure anybody else could do better given the panoply of ills facing that region. Not to mention the weather, which most folks just don't find pleasant (yes, there are winter weather enthusiasts who love 10-degree weather and 100+ inches of snow annually, but for every one of them there are 10 folks who prefer a California beach and wearing flip flops in February.)
I'd like to see the state take some dramatic measures to incentivize economic development Upstate; the tax free zones are a good start but too limited and only, I feel, the tip of the iceberg in terms of what's needed.
And it's not all bad news as far as I'm concerned. New York State is growing, after all, just at a slower rate than Florida. And given the general disdain in Florida for taxation and government of any sort, that state will continue to deal with long-known issues of overcapacity and inadequate public services for quite some time.
Good point, as much of Upstate NY is within a reasonable drive of Toronto, Ottawa and Montreal. To put this into perspective, Ottawa is closer to where I live than Washington DC is.
So, its location in relation to 2 national capitals, the biggest city in 2 countries, proximity to other major cities on the continent and proximity to fresh water could be appealing to some companies.
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