From today's Buffalo News Business Today section:
- State’s wealthiest flee hike in taxes - Michael Gormley/Associated Press
... early revenue figures suggest that taxing the wealthy more under this year’s state budget may have driven away richer New Yorkers. That could make the economic comeback for the state even harder....
“You heard the mantra, ‘Tax the rich, tax the rich,’ ” Gov. David A. Paterson [right] said Wednesday at a gathering of newspaper editors at an Associated Press event in Syracuse. “We’ve done that. We’ve probably lost jobs and driven people out of the state.”
[Maybe they will move to Alaska, where the state gives you money.]
- New Jersey, New York Taxes Are Worst for Business, Study Says - Jerry Hart/Bloomberg
New Jersey and New York are the worst of the 50 U.S. states for business because of their tax burdens, a study by the Tax Foundation says.
-- George Pyle/The Buffalo News