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Posted: 8:32 a.m. Monday, March 30, 2009
By Neal Boortz
The governor of New York has officially decided that the best way to make up for government inadequacies and budget shortfalls is to tax the evil, filthy rich. The plan will increase income taxes for New Yorkers making more than $500,000 a year by 31%. Yes, that's right ... a 31% increase in income taxes on the evil rich in New York. Those making between $250,000 and $500,000 will see their income taxes increase by 14.5%.
The result, I can guarantee, will be to drive away wealth. People will find other ways to get around this. It will be just like California in that taxes will drive away productive members of society and leave the state relying on Mexicans and Hollywood for survival.
It's time for a sequel to "Escape from New York."
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