Democrats' Answer To Congestion Pricing

[Midnight Mike]

Oh yeah, that will work, go on & piss off the rich & then start moaning when they start leaving town

'Millionaire's Tax' Could Fund NYC Mass Transit

Democrats' Answer To Congestion Pricing: Tax Anyone Working In State Making $1 Million-Plus

Mayor Michael Bloomberg's congestion pricing plan may be dead, but Assembly Democrats do have a plan to raise money for mass transit: tax the rich.

It's what Albany calls a "millionaire's tax."

Yes, billionaires like Bloomberg will ante up, too.

Under the plan, people who earn over $1 million in New York state will pay an income tax surcharge of about 3/4 of 1 percent for five years. In all, it would raise over $5 billion for mass transit.

Supporters say that of the 75,000 affected taxpayers, about 35,000 don't live in New York.

http://wcbstv.com/politics/millionaires ... 95064.html

[adam613]

Problem is, leaving New York won't keep them from having to pay the tax. State income taxes are determined by where you make the money, not where you live.

I'm not sure this is a good response to the mysteriously killed congestion pricing plan, but the fact is that the very rich pay far less than their fair share of taxes.

[PhilDernerJr]

I wasn't a huge fan of congestion pricing, but taking money from rich people, regardless of whether they use it or not, and requiring nothing of those that abuse the roadways themselves, is ridiculous.

If anything, this idea makes me LIKE congestion pricing.