Do the richest 1% of New Yorkers really need another tax break?
Assemblymember Kevin A. Cahill:
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Without legislative changes, people making $20,000 a year will pay the same
top rate as millionaires.
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Half of the millionaires who benefit by the current tax break are not even New York
residents.
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With the expiration of this surcharge, millionaires will receive an annual savings of
$85,450, while taxes for the rest of us continue to rise.
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The loss of revenue from a true millionaires tax means billions more have to be
raised through local taxes.
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We all have a responsibility to do our part, which is why it is important that the rates
at which all New Yorkers, including millionaires, are taxed is fair.
Tell me your view on Assembly Bill
A.7802: Keeping the current tax
rate paid by millionaires and continuing it until Dec. 31, 2012, while providing 30 percent of the
tax revenue to the Educational Assistance Fund.
Kevin A. Cahill
Member of Assembly
Governor Clinton Building, 1 Albany Avenue, Suite G-4
Kingston, NY 12401 • 845-338-9610 •
cahillk@assembly.state.ny.us
Everyone is feeling the effects of the economic recession. We must do what is right by exploring fair solutions for all taxpayers while ensuring a bright future for our students.
YES, I support keeping the current tax rate paid by
millionaires and continuing it until Dec. 31, 2012,
while providing 30 percent of the tax
revenue
to the Educational Assistance Fund (
A.7802).
I agree that we need to protect working families and not just multi-millionaires. I stand with you and
want to be kept informed.
NO, let the Millionaires Tax expire.
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Mail completed form to:
Assemblymember Kevin A. Cahill
Governor Clinton Building, 1 Albany Avenue, Suite G-4
Kingston, NY 12401