The last paychecks of the year are in, and looking at the withholding, it appears a non-existent tax absorbed more than 3 percent of our income. The NYC local income tax. How is that tax non-existent? It is non-existent politically, when people talk about who is and who is not overtaxed, and complain about their property taxes. Last time the Independent Budget Office looked, however, the total tax burden was higher for NYC residents than for residents of the rest of the state.
Room Eight is closed to new posts. The existing archive will remain up for the immediate future.
If you were a Room Eight writer and would like access to an export of your content, please contact the editor.
This site is not affiliated with or collaborating with any other news or opinion site.