For many New Yorkers, today is a day of dread #- the day they have to make their payment to the state Department of Taxation and Finance.
For many, the thought that they have written a check and mailed it is the end of their participation in financing their government. Unfortunately it is not.
UNLUCKY No. 3
According to The Tax Foundation, Monday was Tax Freedom Day. But that is not the case if you live in many states, including New York. If you live in Alaska you only had to work until March 23, working 82 days, to pay off your tax obligation.
It should be no surprise that if you live in the Empire State your tax freedom date isn't for another 10 days, April 25. You have to work 115 days to pay off your tax obligation (it is not clear if that number from the Tax Foundation includes data from the disaster of a budget passed two weeks ago).
New York ranks third nationally with New Jersey in second at 119 days and Connecticut, again coming in first place at 120 days, on April 30.
By the way, this day does not take into account the costs of the burgeoning national debt (see below).
NOW SEE THE FILM
Tonight, Cayuga County Legislative Chairman Peter Tortorici is hosting a showing of the independent film “I.O.U.S.A” at Cayuga Community College's theater, starting at 6:30 p.m. The film focuses on the ongoing financial crisis (that started long before this latest downturn that began in the South and West with the sub-prime mortgage problem).
The documentary looks at the long term implications of the national debt #- this year we have an unprecedented $1.5 trillion deficit - on the nation and our citizens. The film runs about 85 minutes and mixes archival footage with current interviews on how our national debt and our spending patterns are choking our nation in the long term, in our ability to be a competitive producer and also impacting future generations.
It is not clear if a new segment, about six minutes, that looks at stimulus package spending, both currently and prior to President Barack Obama's swearing in, will be shown.
Tortorici was able to secure the film through the county's participation in the state Association of Counties. It is free and open to the public. It is not clear if popcorn will be served, and if so, who is paying for it.
Hopefully not our children.
Cosentino is a former mayor of Auburn and can be contacted at cozguytho@aol.com
UNLUCKY No. 3
According to The Tax Foundation, Monday was Tax Freedom Day. But that is not the case if you live in many states, including New York. If you live in Alaska you only had to work until March 23, working 82 days, to pay off your tax obligation.
It should be no surprise that if you live in the Empire State your tax freedom date isn't for another 10 days, April 25. You have to work 115 days to pay off your tax obligation (it is not clear if that number from the Tax Foundation includes data from the disaster of a budget passed two weeks ago).
New York ranks third nationally with New Jersey in second at 119 days and Connecticut, again coming in first place at 120 days, on April 30.
By the way, this day does not take into account the costs of the burgeoning national debt (see below).
NOW SEE THE FILM
Tonight, Cayuga County Legislative Chairman Peter Tortorici is hosting a showing of the independent film “I.O.U.S.A” at Cayuga Community College's theater, starting at 6:30 p.m. The film focuses on the ongoing financial crisis (that started long before this latest downturn that began in the South and West with the sub-prime mortgage problem).
The documentary looks at the long term implications of the national debt #- this year we have an unprecedented $1.5 trillion deficit - on the nation and our citizens. The film runs about 85 minutes and mixes archival footage with current interviews on how our national debt and our spending patterns are choking our nation in the long term, in our ability to be a competitive producer and also impacting future generations.
It is not clear if a new segment, about six minutes, that looks at stimulus package spending, both currently and prior to President Barack Obama's swearing in, will be shown.
Tortorici was able to secure the film through the county's participation in the state Association of Counties. It is free and open to the public. It is not clear if popcorn will be served, and if so, who is paying for it.
Hopefully not our children.
Cosentino is a former mayor of Auburn and can be contacted at cozguytho@aol.com
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