New York Receives Lowest Ranking in US for Tax Freedom Day
Assemblyman Clifford W. Crouch (R-Bainbridge) expressed his concerns today in regard to the Tax Foundation’s annual Tax Freedom Day rankings. Tax Freedom Day is the day calculated by the Tax Foundation in which state residents have officially earned enough to fulfill their federal and state tax obligations, and it is often a good indicator of the tax climate of the state. New York was the last state to reach its Tax Freedom Day on May 14, ranking us 50th in the nation.
“It’s appalling that year after year New York receives such an abysmal ranking by the Tax Foundation in regard to Tax Freedom Day. This year we received the worst ranking in the nation at 50th,” said Crouch. “Despite the governor’s claim that New York is open for business, we know this is not the case. Businesses, along with our smartest and brightest individuals are being taxed out of the state. We need to put an end to the tax-and-spend culture in Albany that has got us here.”