FINCH: TAX FREEDOM DAY REMINDER OF DIZZYING LEVY

Posted by on July 10, 2015

A report filed by the Tax Foundation caught the attention of Assemblyman Gary D. Finch (R,C,I-Springport) this week.

The Tax Foundation marks a “Tax Freedom Day” for each state. It is the day when residents and businesses have earned enough money to foot their tax bills for the upcoming year.

Only residents in Connecticut and New Jersey will work more days this year to afford their obligations to the state and federal government.

New York’s Tax Freedom day is May 8.

“This report provides New Yorkers with some context that really makes our tax burden tangible. I don’t think most people want to work for five months just to live somewhere,” said Finch.

Finch said that the Tax Foundation’s findings help explain why so many young people have taken their talents elsewhere. “South Carolina citizens earned enough to pay their tax bills nearly a month ago,” said Finch.

Finch noted that if New Yorkers want an earlier Tax Freedom Day in 2016, they can encourage their representatives to help pass initiatives sponsored by his conference.

“The Assembly Republican Conference knows that a smaller government run by ethical people will simply cost taxpayers less money,” said Finch.

“Leader Kolb has spearheaded initiatives to streamline government by merging the Thruway Authority and the Department of Transportation. His Small Business Full Employment Act would shrink the tax burden facing small businesses. And, of course, our myriad ethics reforms would keep taxpayers from unwittingly subsidizing fraud and abuse in state government.”

The Tax Foundation is a nonpartisan think tank located in Washington, D.C.

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