RI DAILY

Manhattan's little, quieter island and beyond

Stories that matter, from the heart of the East River.

RI DAILY

Manhattan's little, quieter island and beyond

Reporting Roosevelt Island since sunrise.

Taxes

How Roosevelt Island Pays Far More in Taxes Than New York Sends Back

New York State rips off Roosevelt Island. If you live on Roosevelt Island, your pockets are being picked. A lot more of your money goes to the state than you think, and very little comes back. They brag about it….

The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax

by Jesse Eisinger, Jeff Ernsthausen and Paul Kiel Originally published in ProPublica ProPublica is a Pulitzer Prize-winning investigative newsroom. Sign up for The Big Story newsletter to receive stories like this one in your inbox.   Series: The Secret IRS…

New York’s congressional delegation pushes leaders to restore full SALT deduction

By Steve Bittenbender | The Center Square contributorApr 13, 2021 (The Center Square) – Nearly all of New York’s congressional Democrats have told House leaders on Tuesday they will not support any tax increase unless federal lawmakers restore deductions for…

Combined local-state tax rate in New York highest in U.S.

The Center Square/April 10th, 2021 The effective state and local tax rate for New York residents in 2019 was 14.1 percent, the highest percentage among the 50 states, according to a new ranking published by the Tax Foundation. Across the United…

Albany’s Tax-the-Rich Deal Sends Wealthy to Washington Looking for Relief

Greg David, THE CITY This article was originally publishedon Apr 5 at 9:58pm EDTby THE CITY Deals to raise taxes on New York’s millionaires and companies could send both fleeing the state, business leaders and fiscal experts warn — unless…

Business Leaders Warn Tax-the-Rich Bills Will Leave New York Poorer. But Don’t Call it a Threat to Pull Up Stakes…

Greg David, THE CITY This article was originally publishedon Feb 17 at 7:28pm ESTby THE CITY The city’s big-business leaders say they find themselves caught between a rock and a hard place. The rock is the suggestion from leaders in…

Report: High living costs make New York 2nd worst state for retirees

By Mary Stroka | The Center Square/February 10th, 2021 (The Center Square) – While older adults can enjoy entertainment and volunteer opportunities in The Empire State, the state is not known for its affordability.

New York residents pay $8,781 per capita in key state tax levies, highest in U.S.

The Center Square/January 25th, 2021 New York residents pay 12.8 percent of their income per capita toward property, income and sales taxes – or $8,781 per person – according to a new study examining tax burdens in the 50 states and…