posted on May 2, 2003 05:55:46 AM new
if they leave,they may not be making 100k plus??
many work on wall street,remember mary meeker who recommeneded ebay,her bonus one year was like 80 million.
posted on May 2, 2003 06:49:49 AM new
The fact that stood out most to me in your article, gravid, was that NY is currently only paying a 4% sales tax rate. Wow!! In CA [SJ] we were paying 8.25% sales tax. I'd say up the sales tax rather than hit those who make $100,000. a year. Those making that amount in the big cities of NY or CA aren't rich. Now those making $500,000. a year, imo, are wealthy. But I still feel raising the sales tax would be much more fair a direction to take overall.
Also reading CA is in the worse shape of all the states doesn't surprise me...and other than cutting benefits and raising taxes [somewhere] they're going to have a much harder time, imo. Can't imagine them raising their sales tax even higher.
I personally don't have a problem with programs being cut back. That appears normal to me when times are lean. When the times are going well, most all those programs usually receive extra/additional funding. Good times you share the wealth...lean times you tighten the belt buckle.
The question is not what a man can scorn, or disparage, or find fault with, but what he can love, and value, and appreciate. J. Ruskin
posted on May 2, 2003 11:56:54 AM new
Oh okay...yes, similar to CA. Thank you desquirrel.
The question is not what a man can scorn, or disparage, or find fault with, but what he can love, and value, and appreciate. J. Ruskin
posted on May 2, 2003 06:06:19 PM new
Sales tax increases favor the wealthy, the working poor spend a higher percentage of their income on necessities, many of which are taxable.
posted on May 2, 2003 06:08:34 PM new
new yorkers are known to buy in new jersey to avoid sales tax and many poor and middle class buy off the street.
raising sales tax is not going to boost sales.
may be another wild wild stock market boom would be good.
