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The plan, “Tax-Free N.Y.,” will offer college-friendly companies exemptions from a wide variety of state taxes — including those on sales, property, the income of employees and owners — for 10 years.
“What do we mean by tax-free?” asked Mr. Cuomo, at the program’s announcement at the College of Nanoscale Science and Engineering at the State University at Albany. “We mean tax-free.”
Mr. Cuomo’s plan would effectively open tens of millions of square feet at dozens of SUNY campuses to new businesses without collecting taxes. It would also allow three million square feet of tax-free business at private colleges north of Westchester County, as well as up to 200,000 square feet in zones adjacent to SUNY campuses.
Now businesses can operate 100% tax-free for 10 years. No business, corporate, state or local taxes, sales and property taxes, or franchise fees.
beezzer
reply to post by Lipton
Progressives, leftists say always that taxes grow the economy. Taxes help society, taxes higher taxes are essentially a good thing.
But when it comes right down to it, lesser taxes spur growth, lesser taxes spur economies, lesser taxes keeps money in the pockets of the people.
Who spend it and further spur on the economy.
Aloysius the Gaul
Arant nonsense that you would have to be deaf dumb and blind to believe any more!!
"Staying within personal income means raising the state budget at the same rate the people of the state were earning," Cuomo said during his budget address.
"We have too many levels of government, period," Cuomo said. Erie County, for instance, has more than 1,000 local governmental units, including drainage, lighting, sewer, fire and park districts, as well as cities and towns. The county's total property tax levy is $1.6 billion.
Progressives, leftists say always that taxes grow the economy. Taxes help society, taxes higher taxes are essentially a good thing.
But when it comes right down to it, lesser taxes spur growth, lesser taxes spur economies, lesser taxes keeps money in the pockets of the people.
Already there are loopholes for mega-businesses to in essence pay zero federal taxes.
Progressives, leftists say always that taxes grow the economy. Taxes help society, taxes higher taxes are essentially a good thing.
his is the same kind of talk that was going around when Reagan started his voodoo economics.