Center of the American Experiment Issues Commentary: When New York City Tried Local Income Taxes They Accelerated Its Bankruptcy
June 21, 2025
June 21, 2025
GOLDEN VALLEY, Minnesota, June 21 -- The Center of the American Experiment, a civic and educational organization that says it creates and advocates policies, issued the following commentary on June 20, 2025:
* * *
When New York City tried local income taxes they accelerated its bankruptcy
From property to income tax
By John Phelan
On Wednesday, I asked:
If you are not willing to forgo the goods and services property ta . . .
* * *
When New York City tried local income taxes they accelerated its bankruptcy
From property to income tax
By John Phelan
On Wednesday, I asked:
If you are not willing to forgo the goods and services property ta . . .