Active Users:196 Time:19/04/2024 01:54:42 AM
Yeah I don't normally assume NY as a baseline Isaac Send a noteboard - 23/02/2012 06:41:37 PM
Which might be a bit silly since I've spend a lot of time in Buffalo, but I don't tend to buy much there I'd have occasion to stare at the receipt for.

Aeryn is forgetting that the NY State and City taxes allow for a high standard deduction that would offset the tax rates such that the effective rate for someone making only $15,000 would be at or near 0%. In fact, someone making only $15,000 would probably be getting an EITC to supplement that income, rather than paying tax at any level.

However, in New York state, sales tax is on EVERYTHING - clothes, food, you name it. This is why cost-conscious people often go to New Jersey, where clothes are not subject to sales tax. And it is high, so there is a tax on consumption that they have to pay.

Of course, that doesn't help the Federal government at all, it just helps the state pay for the overpaid transit workers and teachers in rubber rooms that they can't fire due to union contracts.


In any event, I am going to guess here that EITC in NY is probably compensating for a lot of that, and any state that voted for Dukakis can be safely assumed, I think, to have local taxation that is at least as progressive as the country as a whole, in terms of state averages. The point stands, conceptually anyway, I don't think anyone grossing 15k in NY pays that amount of taxes without receiving most or more back directly.
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This message last edited by Isaac on 23/02/2012 at 06:43:43 PM
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Why Joel is CRAZY - Nearly Half of All Americans Don't Pay Federal Income Taxes - 23/02/2012 04:43:15 AM 1414 Views
A not so hypothetical situation... - 23/02/2012 05:46:44 AM 839 Views
Your paying more money now than then. Lower rate but more money *NM* - 23/02/2012 07:52:51 AM 511 Views
Accurate statement, but not a justification *NM* - 23/02/2012 03:44:55 PM 401 Views
Re: A not so hypothetical situation... - 23/02/2012 02:39:43 PM 943 Views
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That's a fair question - 23/02/2012 03:52:08 PM 866 Views
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Same argument re: fallacies - 24/02/2012 02:52:17 PM 817 Views
Was meant as a joke reply - 02/03/2012 06:30:15 PM 1006 Views
Joel is crazy, but I highly doubt that this is "why" - 23/02/2012 01:36:37 PM 1025 Views
HA! HA! Very well played! *NM* - 23/02/2012 03:49:35 PM 357 Views
You mention this statistic all the time. - 23/02/2012 02:16:47 PM 713 Views
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How do you account for retired folks? - 23/02/2012 04:18:59 PM 961 Views
social security isn't taxable either *NM* - 24/02/2012 04:21:21 AM 416 Views
Easy... he doesn't. - 25/02/2012 02:56:05 AM 696 Views
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Federal taxes - 23/02/2012 04:18:22 PM 838 Views
Your figures are fairly unrealistic - 23/02/2012 04:54:44 PM 1035 Views
Not entirely. - 23/02/2012 06:30:18 PM 785 Views
Yeah I don't normally assume NY as a baseline - 23/02/2012 06:41:37 PM 887 Views
On exempting SS income: - 25/02/2012 02:30:43 AM 786 Views
Is there any reason why one should exclude the other? - 23/02/2012 07:32:09 PM 834 Views

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