Now that Bill de Blasio has secured his status as frontrunner in the lead-up to to the Democratic primary, all of a sudden rich people are afraid the man might follow through on one of his marquis campaign promises: tax the rich to expand early education. Bloomberg Businessweek reported this morning ... More >>
After clutching at the spotlight, a lot of stars learn how to evade things--like parapazzi, fans, and especially the IRS. Here's a very timely summation I was just sent which details the top celebrity tax evaders of all time. It's free, so don't even think of writing it off! Top Celebrity Tax Evad ... More >>
Yesterday, Senate Majority Leader Harry Reid admitted his cynicism towards a fiscal cliff compromise, blaming the House Republicans' "dictatorship." The New York Post's cover featured a diver jumping off a cliff, with the catchy headline 'This Fall Is Really Going To Hurt.' We later found out t ... More >>
New York Congressman Peter King had the gall to stand up to tax-bully Grover Norquist over the weekend by publicly saying that he doesn't feel as though he's bound by a pledge he first signed 18 years ago stating that he wouldn't support any legislation that raises "the marginal income tax rate for ... More >>
With the news that Wall Street profits are projected to hit $15 billion this year, it makes sense that the next Mayoral race in New York City will focus on the issue New York's mega-wealthy (and, if our 'Mitt Loves N.Y.' series was any indication, there are a ton of members in this exclusive income ... More >>
Governor Andrew Cuomo earned a big, fat D in a recent grading of his fiscal policies by the Libertarian Cato Institute.This, of course, comes as the governor has declared New York "open for business."Cuomo's D -- on a scale of A through F -- might have a little bit to do with a different group ... More >>
Not surprisingly, Paul Ryan--the Wisconsin nightmare chosen by Mitt Romney as his wannabe Vice President--is not the type who'll have a float in a Gay pride parade. Paul Schindler's piece in Gay City News details the congressman's awful track record when it comes to LGBT rights.
Mayor Bloomberg appeared on a Super Bowl-themed Meet The Press segment this morning, and sounded off on topics like increasing taxes for the wealthy, his Mayors Against Illegal Guns Super Bowl ad and the potential for an Iraq War veterans' parade in the city. Paired with Indiana Governor Mitch Danie ... More >>
Senate leaders agreed to extend the payroll tax cut, the Washington Post reports, "averting a New Year's tax increase for millions of workers." "Under the separate Senate agreement on the payroll tax, the rate paid by 160 million workers would remain at 4.2 percent through February, rather th ... More >>
Ever wonder how the super rich avoid paying all those taxes? Well, the New York Times has an interesting takeout here on all the shenanigans folks like Ron Lauder, of Estee Lauder, do to shelter their billions. According to the Times' David Kocieniewski, Lauder, worth $3.1 billion, donates h ... More >>
Tomorrow, President Obama will unveil a deficit-cutting proposal that will include a revision to the U.S. tax code. The proposed change will feature a higher tax rate for the wealthiest 0.3% of Americans, who currently pay the IRS with a $15 gift card to Sam Goody every April (estimated figur ... More >>
The New York Times got its hands on some internal e-mails today that show how desperate city health department officials were to sell a "soda makes you fat" campaign in an effort to boost support for a penny-per-ounce soda tax proposal that ultimately fizzled.
With the state budget a mess, you may be sympathetic to the idea of soaking the rich, who are plentiful hereabouts. But Governor Paterson is nervous about raising taxes on them, and there's more than one reason. Andrew Cuomo, widely considered to be Paterson's primary competition in 2010, is latel ... More >>
This morning the city's Independent Budget Office issued its annual Budget Options document, a sprawling list of ways for the city to either save money or raise revenue. In past years, this was the kind of thing that only got policy wonks' hearts a-flutter; now, with the city staring down the barre ... More >>
Go ahead and melt your jewelry to pay for it
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