Tax the Rich
by Geoff Kelly - posted 11:22 am, February 27, 2009
Tonight Citizen Action hosts a town hall meeting at Allen Hall on UB’s South Campus to encourage the governor and the state legislator to implement a progressive tax to address the state’s budget gap rather than across-the-board budget cuts. It begins at 7pm.
It’s called the “Progressive Income Tax – Fair Share Town Hall Meeting.”
There’s currently a bill in the State Senate that would increase by two percent income taxes on those who earn more than $250,000. The bill’s sponsors say it will raise more than $6 billion in new revenue. Right now New Yorkers who earn more than $40,000 pay the same marginal tax rate of 6.85 percent.