Voraciousness Of The New York Income Tax And The Jersey City Solution

Voraciousness Of The New York Income Tax And The Jersey City Solution

Samuel and Louise Edelman are challenging the voracious state of New York in the US Supreme Court.  The top rate of 8.82% is among the highest in the nation (and then there can be a city tax on top of it), but it is the reach that the Edelmans are complaining about not the rate.  They were being taxed on the gain from the sale of their business because New York considers them a resident.  They…

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