Angry New Yorker

Semi-Daily Rants from New York City's Angry Man

"As I know more of mankind I expect less of them, and am ready now to call a man a good man, upon easier terms than I was formerly." - Dr. Samuel Johnson, Boswell, Life of Johnson, Sept. 1783

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Sunday, April 30, 2006
 
Dicky Durbin -- How'd this guy get to be a Senator?

Showing why he's garned the fitting admonition "Dick Durbin before he dicks You", Senator Dick Durbin on today's Meet the [de]Press[ed] displayed not only a complete lack of basic Economics 101 understanding, but a total anti-capitalist philosophy.

Durbin: "Am I the only one of your guests here that think that profit taking is a problem?"

Earth to Durbin! Come in, Durbin. "Profit taking" is the bedrock of capitalism. Dope. Here's the transcript and the podcast so you can get the entire flavor of Durbin's nuttiness.

posted by anonymous at 8:12 PM

 
Can we get out of this State in one piece?

We ask ourselves this question with depressing frequency these days, and it makes us very angry. We were born in New York and have lived here all our lives -- through good times and bad. But the thought there is likely no affordable and viable long-term future for our children in this State, the result of a generation of entrenched malefeasance and unbridled union greed, combined with the stranglehood of legislative disfunction and the sense that our politicians ultimately believe -- in action if not in word -- that no level of taxation is too high for New Yorkers, often leaves us wondering why we bother acting some Cassandra and publicizing the obvious facts.

Well, last week New York State Comptroller Alan Hevesi's office released a report (Property Taxes in New York State - Local Government Issues in Focus, Vol. 2, Issue 2, April 2006, available at http://www.osc.state.ny.us/localgov/pubs/research/propertytaxes.pdf as an Acrobat PDF) that by all rights should have the streets filled with marchers, no, not illegal aliens clamoring for "rights", but property owners and citizens of New York storming toward their local state politician's office with pitchforks, torches, and some tar and a few feather-filled pillows.

Here's the fact again: New York State is in a slow-motion fiscal implosion, which means two things: (1) there's still time to get beyond the shrapnel's kill radius, and (2) there's still time to limit the damage, but whether its enough to result in the New York ship of state merely brushing the reef as opposed to our current full-speed ahead course toward the coral remains to be seen.

Some highlights from Hevesi's report:

  • New York taxpayers have the highest combined State and local tax burden in the nation, with atotal tax bill of $131 for every $1,000 of personal income in 2002, nearly 26 percent higher thanthe national average.
  • New York’s high tax burden is entirely driven by high local taxes – State taxes are about average, at $64 per $1,000 of personal income, versus $62 for the nation as a whole.
  • Local taxes are the highest in the country, at $67 per $1,000 of personal income, 60 percent higher than the national average of $42. Maine is the next highest state at $55 – nearly 20 percent lower than New York.
  • The property tax is by far the largest tax imposed by local governments in the State, representing 79 percent of all local taxes outside of New York City.
  • Per capita property tax burdens in New York are 49 percent higher than the national average and property taxes measured as a share of personal income are 28percent higher.

  • This disparity is even greater for taxpayers in most of the State, sinceNew York City’s property taxes are relatively low compared with other localgovernments (because it collects revenue from a number of other local taxes,including a personal income tax).

  • Local property tax levies grew by 60 percent from 1995 to 2005, more than twice the rate of infl ation during that period (28 percent). Most of this growth occurred in the last 5 years – when property tax levies increased by 42 percent,compared to infl ation of 13 percent.

  • Levy increases have moderated somewhat in 2006, particularly for counties,which benefited from last year’s Medicaid cap. However, growth rates continue to be substantially above infl ation for most classes of government.

  • Property taxes add to the overall high cost of living in downstate suburbs,where property taxes per $1,000 of personal income average about $65 (comparedto the State median of $53), and are a major contributor to higher housing costs.
The report concludes, with dramatic understatement:
New York’s property tax is large and growing fast, as it tends to do when growth slows in other revenues or costs increase for local governments. The property tax is stable and easy to administer, but it has some serious fl aws, including a weak system for ensuring professional and equitable assessments. STAR and related rebates will not fi x these fl aws, and may indeed magnify them, as they may encourage growth in spending, particularly in higher-wealth, higher-spending areas. A rebate payment or State-funded tax exemption is a transfer of tax burden, not a tax cut, and should be considered in the context of overall tax policy in New York. While short-term property tax relief may be the perceived effect, the long-term outcome may well be an overall increase in State and local taxes. Future research and policy analysis should be directed toward structural changes and systemic reforms for the property tax.
A show of hands. How many people out there believe we can achieve a "systemic reform for the property tax" before this entire house of cards comes crashing down? One, two... three. Yeah, that's pretty much what we thought. See you out West somewhere. We'll send a postcard.

posted by anonymous at 7:14 PM

Wednesday, April 19, 2006
 
Excelsior! NYS has the highest gas taxes in the Nation

Pretty much the only thing New York State leads the country today in is figuring new ways to tax us. Yet Schmucky Schumer is out there calling for windfall tax on the oil producers. Utter mendacity fills every room he enters. To whit:

New York leads the nation with the highest state gasoline taxes while Alaska has the lowest, according to the American Petroleum Institute. On top of New York's state tax of 8 cents per gallon , it charges 8 percent state sales tax and a Petroleum Business Tax of 15.2 cents per gallon . There is also a spill tax of 0.3 cents per gallon and a petroleum testing fee of 0.05 cent per gallon levied on gasoline.

In short, roughly 62 cents for every gallon you buy are siphoned away by taxes. And, on top of all the NYS taxes listed above, there's a U.S. Federal Excise tax of 18.4 cents a gallon. But wait there's more. That 8% NYS sales tax is paid after the Federal Excise Tax is applied, so you pay a tax on the tax itself. Isn't that just peachy.

To see how absolutely crazy anyone who says we aren't taxed to death is, consider the following example. Say you make ten dollars. On that you pay FICA, Medicare, NYS, NYC and Federal income taxes, leaving you maybe $5.80 net. Then you take that nearly 6 bucks to the local NYC gas station to buy two gallons of gas to get to your job (yes, we know gas is nearly $3.00 a gallon), and on that two gallon purchase you've paid $1.63 in taxes (62.9 cents per gallon to NYS, plus 18.4 cents per gallon to the Feds times two). So on that original $10.00 that you worked hard to make, you were actually able to spend only a bit over $4.00. That's not only pathetic, it's nearly criminal in our book.

posted by anonymous at 12:02 AM

Monday, April 17, 2006
 
From the let them eat cake files....

Bloomberg disappoints again and again. He's a RINO's RINO, truly. Illegal aliens can find jobs, but these people can't?
"Most eligible adults between the ages of 18 and 49 can only receive food stamps for three months every three years, but big cities with high un-employment rates can apply to waive that restriction. Chicago, Seattle and Washington have already done that.

According to the report, the demand for food stamps has slowly risen across the five boroughs over the past decade, jumping to just over one million people in February.

Mayor Bloomberg's support of the waiver is a sharp departure from his previous term. Bloomberg had followed in the foot steps of former Mayor Rudy Giuliani whose welfare reform plan to get people off public assistance has been followed in other big cities around the country."
UPDATE: Bloomberg's backed off and decided NOT to apply for the waiver. When one of our members recently enrolled his kids in public school in NYC (yeah, we know) he refused to sign up for the "free" lunch program, which the school itself was pushing, saying it was too much of a hassel to collect the $1.25 a day, or whatever the amount was, from parents. He said, too bad -- you collect my money, I'm not taking your "free" lunch for my kids.

posted by anonymous at 2:49 PM

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