Even though Cooper Union will begin charging tuition to the class of 2014, breaking with its 111-year tradition--and, some say, mission--of keeping education free, the school will still be receiving special tax breaks from the city, an issue that an Independent Budget Office analysis has critiqued. ... 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 >>
If Mitt Romney won't tell you which need to be closed, we will
Say what you will about Mitt Romney's dopey comments that 47-percent of Americans are basically free-loading schlubs, but the last person -- literally, the absolute last person -- who should ever chime in on the issue is legendary tax cheat/New York Congressman Charlie Rangel.But guess who chimed in ... More >>
Edith Windsor, the octogenarian lesbian widow who successfully sued the federal government for over chariging her $363,000 in estate taxes, wants to take her case to the Supreme Court. According to a press release from the New York Civil Liberties Union, which is representing Windsor along with the ... More >>
Well, this is a mess... Remember yesterday, when Barack Obama called on Congress to extend Bush-era tax cuts for families making up to $250,000? Remember how Obama made the politically risky move of describing the economy as disappointing under his watch, using that as proof the country needs tax ... More >>
Taking aim at trickle down fiscal policies and warning legislators not to hold the American economy "hostage," President Barack Obama demanded today that Congress extend Bush-era middle class tax cuts for a year. Addressing the nation from the White House's East Room, Obama implored Congress to "do ... More >>
Rick Perry's Texas is a job-makin', low-taxin' oasis of economic growth. It's also a fantasy.
If rightbloggers believe in anything, it's that taxes are bad -- especially if they're on people making over a million dollars. When it was revealed that President Obama would propose a tax on millionaires, the brethren loyally manned the barricades to defend America's rich -- e.g., Donald Trump, ... 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 >>
David ShankboneIn 2009, a landmark state appeals court ruling found that the owners of Stuyvesant Town-Peter Cooper Village had illegally deregulated 4,400 apartments while enjoying special tax breaks from the city. Its impact wasn't quite clear; no one was sure what the legal rents of those apartme ... More >>
NYPost.comA plate of manicotti won't make him feel better Up until now, Upper East Side Italian restaurant Il Vagabondo (351 East 62nd Street, 212-832-9221) has been best known for its indoor bocce court. But now that owner Ernest Vogliano has pleaded guilty to tax evasion, there's probably ... More >>
Hasn't America already doled out a terrible hand to the Indians already without trying to make them a part of their eugenics and assimilation? Apparently not. Today, the Seneca Nation Indians have to fight off New York State from taxing cigarette purchases made by non-Indians on their reserva ... More >>
It's been six weeks since New York's state government raised the cigarette tax to $4.35 a pack (more in NYC), and guess what? Cigarette sales have fallen by 35 percent. And the tax hike has translated to only $6 million more in revenue since last month. The reason? New York smokers are broke! Or ... More >>
Andrew Cuomo's decision to announce new tax policy on Fred Dicker's Albany radio show is as bad for the state as it is for Cuomo. It's already added to the budget drama gripping Albany. All you have to do is read the New York Post to see how often Freddie and Andrew talk, though the attorney genera ... More >>
voxefxtm/FlickrIn March, Governor Paterson announced plans to ditch his soda tax, thanks to $1.3 billion of federal stimulus money. But the soda tax is apparently still alive and well, and living under an assumed name: it's now called the modified sugar-sweetened beverage tax.
Today finally brings the first good gag of the gubernatorial race, and it comes from none other than Steve Levy, that Long Island Iced Tea-bagger with the bandito moustache. Levy's shot is a well-aimed barb at would-be rival Andrew Cuomo who is still an unannounced gubernatorial candidate ("W ... More >>
Activists want the proposed Kingsbridge Armory shopping center in The Bronx to mandate a "living wage" ($10 an hour with benefits, $11.50 without) for workers there. Sympathetic city councilmembers on the zoning committee threaten to make trouble, and the city tries to strike a deal with them. A vo ... More >>
Ty Hewitt/New York MagazineEarlier this afternoon, Manhattan District Attorney Robert Morgenthau announced the arrest and indictment of Helmer Toro, the owner of H&H Bagels, for stealing withholding taxes and evading unemployment insurance tax in connection with his wholesale and retail busin ... More >>
Poor Helmer Toro, owner of the legendary H&H Bagels, can't seem to stay out of trouble. In summer 2008 we noted some of his legal and financial woes, including a $2.335 million property lien brought against him by the IRS. Toro had previously been accused of shunting some of his tax liability to a q ... More >>
Ah, the wisdom of the people: a Quinnipiac poll shows 79 percent of New York state residents approve of increasing taxes on millionaires. In fact, they approve of tax hikes on people making half a mil, and even a quarter mil, though by slimmer margins. The Albany Times-Union headlines this news "vo ... More >>
At her upcoming State of the City speech, which she is expected to bellow at any moment, Council Speaker Christine Quinn is expected to propose an income tax hike on richer New Yorkers, says Liz Benjamin. Citizens making between $297,000 and $532,000 would see their rate rise from 3.683 percent to ... More >>
This morning in Yankeefunland: Assemblymember Richard Brodsky's surprise last-second hearing on the latest round of taxpayer-financed Yanks and Mets stadium bonds, with promised testimony (under duress) from Yankees president Randy Levine and city Economic Development Corporation chief Seth Pinsky ... More >>
Play-by-play of Assemblymember Richard Brodsky's hearing on the new Yankees stadium project, continued from last post: 11:29 am: Brodsky and Yankees president Randy Levine are now squabbling over which documents have and haven't been provided when. Moments later, city development chief Seth Pinsky ... More >>
Cooper Union's Towering Tax Break
Yanks and Mets stadiums could cost taxpayers $800 million
The city's $7 billion-a-year property tax gapno wonder we're broke
A costly, developing problem for New York City that's three decades old
Council Plan Helps Landlords Do the Right Thing
Inside a Bush Brainstorming Session
Guv Seeks Sacrifice From Average New Yorkers, Protects High-End Friends
Scrounging Up $3 Billion in 'New' Tax Money? Hey, No Problem.
Out-of-Towners, Stock Speculators, Unions Must Ante Up in Fiscal Crisis
The 'Times' Bulldozes Its Way to a Sweetheart Land Deal You Will Pay For
April 15 May Be the Least Popular Day on the Calendar. Ready?
Why Has a Convicted Brooklyn Landlord Been Let Off Easy?
World Trade Center Lease Deal Could Slash Housing Revenue
Aiding the Middle Class