Thursday, March 26, 2009

THIS IS A SURPRISE?

[NYC mayor Michael] Bloomberg said "51, 52 percent of our taxes come from people making $500,000 or more."

"Five thousand people back in 2006, it's probably a little more diverse today, but in 2006, 5,000 people paid 30 percent of the taxes in New York City.

"If only 1,500 of that 5,000 people move to Connecticut, that would cut 10 percent of our tax base, that's another $3.5 billion," added Bloomberg, who has repeatedly warned that higher income taxes will damage the city's already reeling economy.

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