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New York’s Proposed “Billionaires’ Tax” – Bad Idea

By Farrell Fritz P.C. on December 14, 2020
Posted in State Tax Issues

Will They Leave?

Over the years, the Democrats in Albany have regularly made noise about increasing the rates at which New York State taxes the income of its wealthier residents.

With the election of Governor Cuomo in 2010, and with the Party’s supermajority in the State Assembly since then,[i] two of the three components…

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