01/08/2018
wow, some thoughts here.... If the solution is to make tax payments "charitable" then can taxpayers not pay them?...
"Except that the national changes only add to the job-killing impact of New York’s heaviest-in-the-nation tax burden. And the only way to fix that is to lower state and local taxes — but that would force cuts in spending, too, and Cuomo has no interest in that.
Instead, the gov hopes to game the new law — say, by shifting personal income taxes to employers, via new, federally deductible payroll taxes. But, as Empire Center expert E.J. McMahon notes, that shift “would be fraught with mind-bending complications and virtually impossible to implement.”
Anyway, the idea ignores New York’s top problem with the new federal code: that it may fuel an exodus of the high earners who pay a huge share of the state’s income taxes.
He’d be better off recalling a lesson he himself once offered: “New York has no future as the tax capital of the nation.”"
Gov. Cuomo’s idea of rewriting the state tax code to escape the impact of the new federal tax law is as doomed as all his other Rube Goldberg schemes. The gov’s love of complex plans has led New Yo…
