E. J. McMahon Overburdened New York’s tax regime costs the - TopicsExpress

E. J. McMahon Overburdened New York’s tax regime costs the city jobs in a hypercompetitive age. No city in America can match New York’s broad array of taxes—more typical of a state than of a municipal government. Most New York City residents and businesses are subject to combined state and local tax rates far exceeding national norms. Such high taxes are a headwind against economic growth: they add to overhead, cut into profits, and make it costlier to employ people.

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