Millionaire Population Drops in NYC
The number of millionaires in New York City is dropping. There are approximately 44,000 millionaires in the city this year, a decrease of nearly 10 percent from last year.
NY state is considering a tax hike for the wealthy. One proposal would raise the state income tax for anyone making $250,000 or more. Other plans suggest increasing taxes for those making between $500,000 to $1 million a year.
Governor David Paterson is opposed to the hikes and has said that higher taxes would only be considered as a last resort. Mayor Bloomberg is opposed to the tax and said it would benefit New Jersey and Connecticut.
According to a new poll from Quinnipiac University New Yorkers would rather have the state cut services than raise taxes at all. Of the people surveyed, 53 percent say services should be cut to balance the state budget. Only 36 percent say taxes should be raised.
Broken down by party, the numbers change, 73 percent of Republicans favoring cutting services, and 48 percent of Democrats preferring tax increases.
Both Republicans and Democrats support raising taxes on people earning more than a million dollars a year, with 84 percent of respondents favoring a "millionaire tax" and 13 percent opposing.
60 percent of those polled disapproved the so-called "fat tax" on non-diet soft drinks, while only 37 percent supported it.
Quinnipiac surveyed 834 registered voters across the state from December 17 to 21. The margin of error is plus or minus 3.4 percentage points.
NY state is considering a tax hike for the wealthy. One proposal would raise the state income tax for anyone making $250,000 or more. Other plans suggest increasing taxes for those making between $500,000 to $1 million a year.
Governor David Paterson is opposed to the hikes and has said that higher taxes would only be considered as a last resort. Mayor Bloomberg is opposed to the tax and said it would benefit New Jersey and Connecticut.
According to a new poll from Quinnipiac University New Yorkers would rather have the state cut services than raise taxes at all. Of the people surveyed, 53 percent say services should be cut to balance the state budget. Only 36 percent say taxes should be raised.
Broken down by party, the numbers change, 73 percent of Republicans favoring cutting services, and 48 percent of Democrats preferring tax increases.
Both Republicans and Democrats support raising taxes on people earning more than a million dollars a year, with 84 percent of respondents favoring a "millionaire tax" and 13 percent opposing.
60 percent of those polled disapproved the so-called "fat tax" on non-diet soft drinks, while only 37 percent supported it.
Quinnipiac surveyed 834 registered voters across the state from December 17 to 21. The margin of error is plus or minus 3.4 percentage points.
I could support raising taxes on those in the "over a million" club, since we use arguably less of the "community" services provided.
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