New Yorkers earning less than $ 50 thousand per year can be exempt from income tax

Фото: Depositphotos

Independent Democratic Conference in the Senate of New York put forward a proposal to eliminate income tax for residents of the city, whose income is less than $ 50 thousand per year.

Если это решение будет принято, то оно затронет около 2,2 млн человек — почти четверть населения города, пишет The New York Post.

Couples would save up to $ 1456 per year, and single people - up to $ 1060.

The New York Budget Commission rejected this proposal because at this point the federal tax reform comes into force and before regional changes, it is worth waiting for the results of the federal reform.

«Не рекомендуется принимать решения, приводящие к потери доходов, в то время когда федеральное правительство меняет налоговую политику», — сказала президент Комиссии по бюджету Нью-Йорка Кэрол Келлерманн.

She also noted that when launching such initiatives, it is necessary to propose alternative ways to compensate for budget losses.

Mayor Bill De Blasio agreed that the loss of income on such a scale could “lead to a decrease in the level of services enjoyed by city residents”.

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