Sections SEARCH Skip to content Skip to site index New York Subscribe Log In Subscribe Log In Advertisement Supported by New York Today ByAlexandra S. Levine and Jonathan Wolfe July 18, 2018 Good morning on this flawless Wednesday. A bill being introduced in the City Council today would require green roofs, solar power or wind turbines to be installed on new skyscrapers going up around New York. The goal: to lower our energy output. “Right now, the big conversation is around what we can do to combat climate change, and now more than ever, when the federal government is rolling back all the progress we’ve made to reduce our carbon footprint in the country, we have to step up,” Councilman Rafael L. Espinal Jr. of Brooklyn, the bill’s lead sponsor, said in an interview. “We have to look at the infrastructure improvements we can make here to ensure we’re doing our part in reducing our carbon … [Read more...] about New York Today: Will Green Roofs Get the Green Light?
State income tax new york
Ohio has been among the top 20 states collecting the most in state and local individual income taxes per capita from the fiscal years 2013 to 2015. Ohio ranked No. 16 with the state collecting $1,186 per person for in the fiscal year 2015, the latest available data, according to a new report from the Tax Foundation. “On average, state and local governments collected $1,144 per person from individual income taxes, but collections varied widely from state to state,” said Katherine Loughead, a policy analyst for the policy research organization. Ohio moved up a spot from the fiscal year 2014 when the state and local governments combined collected $1,220 per person. But the state was ranked even higher at No. 12 for the fiscal year of 2013 when tax collections were $1,268. The individual income tax was the single largest source of revenue for states, accounting for 36.5 percent of all state and local government revenue in 2013. While it remains a significant revenue source, … [Read more...] about Report: Ohio ranks 16th in nation for paying highest state, local taxes
By Richard Rubin and Richard Rubin The Wall Street Journal BiographyRichard Rubin @RichardRubinDC [email protected] Mike Vilensky Mike Vilensky The Wall Street Journal BiographyMike Vilensky @mikevilensky [email protected] May 2, 2018 5:30 a.m. ET 0 COMMENTS New York state lawmakers found a clever way for employers to help their workers circumvent a new $10,000 federal cap on state and local tax deductions. Employers, however, so far aren’t crazy about it. The idea, which became law last month, creates a new optional payroll tax that shifts the state and local tax deduction from individuals who can no longer fully take it to businesses that can. Employers are worried about compliance costs, interactions with union contracts, complexity across state lines and the difficulty of explaining to workers how a plan that might lead to smaller pay raises still puts more money in their pockets. “It’s a creative approach by the governor’s … [Read more...] about Companies Skeptical of New York’s Creative Workaround for Tax Deduction Caps
New York state has a message for the feds about cashing in on Martin Shkreli’s high-priced hip-hop memorabilia: We were there first. The state filed court papers Friday saying they get first dibs at money from the “substitute assets” in order to pay off the rest of what’s owed on Shkreli’s New York tax bill. Those assets include Shkreli’s single-edition copy of the Wu-Tang Clan’s still-unreleased copy of “Once Upon a Time in Shaolin” and a still-unreleased copy of “Tha Carter V” by Lil Wayne, plus a Pablo Picasso painting and a $5 million brokerage account. Shkreli is serving a seven-year sentence on his August 2017 conviction for defrauding investors in hedge funds he managed. He’s appealing his case. Martin Shkreli assigned to low security prison in New Jersey The former drug company head known derisively as Pharma Bro already has a $7.36 million federal … [Read more...] about New York state claims first dibs on profits from ‘Pharma Bro’ Martin Shkreli’s hip-hop memorabilia
Last Updated Aug 2, 2011 8:09 PM EDT A new study by University of Nebraska economists that looked at broad measures of entrepreneurial activity ranked New York as the best of the 50 states for entrepreneurship. Despite being known as a haven for high taxes and tight regulation compared to some other places, the Empire State topped runners-up Washington, Massachusetts, New Jersey and Oregon for the No. 1 spot. How did this happen? The Debunker looked at the Nebraska work and found researchers weighed five factors:Percentage and per capita growth in the number of business establishments Rate of new business formation Number of patents per thousand state residents Gross receipts of sole proprietorships Number of partnerships per capita In 2010, New York busted a strong move in gross receipts per capita and also saw substantial growth in the number of new businesses. Note that the new study didn't use more subjective measures, such as how hospitable a state was for new business … [Read more...] about The Best Startup State Is… New York?