New York Tops 8 Big Cities in Taxes, Study Shows
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State and local taxes swallow $9.02 out of every $100 in taxable income.
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Residential property taxes rose an average of $161 in cities and towns across the state in the past fiscal year, as home assessments hit historic highs despite declining market values.
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This year, for the first time since the towers crumbled, New York City&#39;s economy outperformed the nation&#39;s. The average price for a Manhattan condo or co-op broke the $1 million mark, a new record.
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AmericaÂs biggest corporations are increas- ingly funneling profits earned in the United States to tax havens around the globe, accord- ing to a new study.
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Although New York has for many years been the nationÃÂ¢ÃÂÃÂs most populous city, its mayorÃÂ¢ÃÂÃÂs office has not been an effective springboard for candidates with statewide or national ambitions ÃÂ¢ÃÂÃÂ something former Mayor Rudolph Giuliani hopes to change in a bid for the 2008 Republican presidential nomination.
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Study lists New York, Detroit and Los Angeles as the cities with the highest occurrence of identity fraud.
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NEW YORK - Stocks that were moving substantiall
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New York's Fifth Avenue is the world's most expensive shopping street in terms of rent followed by the Champs Elysees in Paris, a retail report finds.
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An article last Sunday in the special Your Taxes report, about income taxes that must be paid by athletes who travel out of state, misstated the estimated New York tax liability of a hypothetical Boston Red Sox player making $20 million a year who appeared in nine games at Yankee Stadium. It would be about $60,000, not $100,000. (While such a player would be liable for New York State taxes, there would be no New York City tax due.).
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The House overwhelmingly approved business tax breaks worth $1.8 billion over 10 years on Friday, a key step toward forging a congressional compromise on increasing the minimum wage. The vote on the tax cuts was 360-45.
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Here's a surprising discovery: Paying taxes is a pleasure for many people.
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The Supreme Court on Thursday sided with New York City in its efforts to collect property taxes from the governments of India and Mongolia.
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New York City, where tolls are $6 and putting your car in a parking garage for just an hour can run you $20, is already an expensive place to drive. Now the mayor wants to make it so costly some people won't even bother driving and will take mass transit instead.
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U.S. state and local governments could   lose $8 billion a year in revenue if Congress further restricts   their ability to tax telecommunications services, the National   League of Cities said on Wednesday.
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Internet travel sites are cheating  cities on taxes by pocketing the difference between the hotel  room tax they pay and the amount collected from consumers, the  city of Los Angeles said in a recent lawsuit.
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New Yorkers pay the highest state and  local taxes in the nation, shelling out nearly $131 for every  $1,000 of income in 2002, according to a new study.
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Foreign countries that own prime city real estate worth more than $200 million have found an easy way to avoid property tax in New York City - just refuse to pay.