Tuesday, April 14, 2009

Gov Clinches Deal on Huge Tax Hikes

Albany - Personal income taxes for the upper middle class and the rich are about to skyrocket under a secret, soak-the-wealthy tax deal reached last night by Gov. Paterson and leaders of the Legislature, sources told The Post. The two-tier tax plan would bring in $4 billion annually, in part by hiking income taxes a stunning 31 percent for all New Yorkers making more than $500,000 a year...

[The bane of democracies: the lower economic classes learn they can steal from the higher...]

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