Tax Day: NY Has the Most Dangerous Tax Burden in America

Reclaim New York executive director Brandon Muir offered the following statement on Tax Day, as taxpayers really feel the heat of New Yorkโ€™s hellacious tax burden:

โ€œNew York families are once again struggling to survive the most dangerous tax burden in America. A total tax burden that’s the highest in the country, and a business tax climate thatโ€™s second-worst behind only New Jersey, have driven a taxpayer exodus from New York.

โ€œIf all that wasnโ€™t frightening enough, New York Stateโ€™s tax complexity finds a way to make this burden cost even more time and money. Itโ€™s a recipe for killing off prosperity, and risks the very fabric of our state.

“Albany is ignoring the problem. Instead of crony โ€œeconomic developmentโ€ programs, New Yorkers need broad reform. Until Tax Day stops resembling a waking nightmare, weโ€™ll see more families and businesses leave.โ€
New Yorkโ€™s tax burden includes:

  • The worst total tax burden in America
  • An income tax thatย eats upย more of our earnings than any other state
  • The 49th-ranked business tax climate
  • The 3rd mostย complexย state income tax code
  • New Yorkers pay more for tax preparation services.
  • The 5th highest statewide property tax burden
  • And, the 4th highest gas tax

 

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