How New York could raise taxes on the rich | Article from CSNY

New York is facing a $14.5 billion budget gap this fiscal year, federal relief dollars don’t appear to be forthcoming, and schools and local governments are facing deep budget cuts. The coronavirus pandemic – and the financial nightmare it created – prompted some progressive lawmakers and activists to double down on a question that New York has been weighing for years: Should we increase taxes on the state’s wealthiest residents?

Continue reading >> How New York could raise taxes on the rich | CSNY

For those advocating around public institutions like public housing, “tax the rich” is not a new request. This article highlights a number of inroad that can be pursued to create cash flows to truly repair and modernize public housing for generations to come.

Continue reading to learn more about:

  • Raising income taxes on millionaires
  • Pied-à-terre tax
  • Wealth tax
  • Stock buyback surcharge
  • Stock transfer tax
  • Corporate landlord tax

Posted on: September 20, 2020