Upstate United, a non-partisan, pro-taxpayer organization, is again pushing back against New York state’s tax burden.
In a fact sheet released last week ahead of the state’s budget agreement, Upstate United shows how New York compares with other states in various tax areas.
“As special interests keep calling on Albany to raise taxes, our organization is committed to fighting for much-needed tax relief. Overburdened taxpayers continue to flee New York, due in part to the state’s extraordinary tax burden,” said the organization’s Executive Director Justin Wilcox in a statement. “Returning to the days of massive tax hikes and bloated budgets isn’t progressive, it’s problematic.”
The organization noted that New York ranked 48th nationwide in the Tax Foundation’s 2021 Business Tax Climate Index, ahead of just California and New Jersey. Upstate United noted that as part of their budget proposals, the state’s Senate and Assembly proposed higher rates on certain business taxes.
Citing several reports from WalletHub, Upstate United’s fact sheet shows that New York has the highest overall tax burden and the third-highest annual state and local taxes on median household. The state ranks seven for taxpayer return on investment, which is the total taxes paid per capita versus overall government services rank, and ninth for its effective property tax rate.
“Thanks to the recent federal stimulus package and better-than-expected state tax collections, there are ample resources for this year’s budget,” Wilcox said. “Moving forward, we’ll need to grow our way out of this problem. Washington isn’t going to come to our rescue every year. The sooner we can reopen businesses, rebuild our economy and revive our communities, the better.”
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