Policy Documents

Overburdened

E. J. McMahon –
May 14, 2013

In this special issue of City Journal, E. J. McMahon discusses the problems of the burdensome tax system in New York.  He sums it up nicely with this:

No city in America can match New York’s broad array of taxes—more typical of a state than of a municipal government. Most New York City residents and businesses are subject to combined state and local tax rates far exceeding national norms. Such high taxes are a headwind against economic growth: they add to overhead, cut into profits, and make it costlier to employ people.