The Full Partner

clipped from www.humanevents.com According to Dr. Herbert London, president of the Hudson Institute, Professor of Humanities at New York University, and a New York resident, in New York City 1% of the population pays 52% of the states taxes. “By the time you get to get to 2 or 3% you’re talking about almost the entire New York State tax burden.” New York City taxes are apparently going up by 5 % (to 10%).  When you include the New York State tax burden (5%) and add both to the the top federal income tax rate (which the Obama administration wants to raise to 40%) the total is 55%.  “That  means that the tax collectors are now more than a full partner in your life,” said London.