mickeyfan2 said:I was and this is your opinion but not mine. CT does pay way more money out than they get back from Uncle Sam (a burb), but NYC only getting back 1%, sorry that is so far off. Please show me a link to back up your fact.
I am not speaking just about NYC but many cities and not all have to be this big.
I never said 1%. I said $1 back in federal $ for every $63 in federal dollars paid (also as I posted before, this figure included the whole metro area, not just NYC. This included metro area NY state, CT and NJ).
The figure came from an article in either the NY Times or Time magazine a long time ago. I think NY Times now charges for articles that far back; however, here is a link to an article by Forbes which says much of the same thing, but gives % rather than dollar figures, which was how the article I read a long time ago presented.
http://www.forbes.com/business/2005/11/02/taxes-amt-reform-cz_jn_1102beltway.html
Here are the first two paragraphs:
WASHINGTON, D.C. - The nine members of the President's Advisory Panel on Federal Tax Reform might want to avoid cocktail parties in wealthier enclaves of California, New York, New Jersey and Connecticut for a time.
As most residents of those high-tax, high-income, Democrat-leaning (i.e. Blue) states have heard by now, the panel's final report, delivered to the Treasury on Tuesday, called for repeal of the federal income tax deduction for state and local taxes. In 2002, residents of California and New York alone claimed 29% of all those deductions, while paying 22% of the federal income tax bill, according to a report by Kim Rueben of the Urban-Brookings Tax Policy Center. Red-state Texans and Floridians, by contrast, claimed just 5.4% of state and local tax deductions, while footing 13% of the federal tax bill in 2002.
Basically, this confirms the gist of my point, which is that Blue state pay more in state and local taxes than do Red states, and Blue states pay a much larger proportion of federal income tax.
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