Instead, New Yorkers are directed to a website counting down the days, minutes and seconds until the new tax code is in place.
“New Yorkers will be ringing in the new year with the lowest taxes we have had in 58 years,” Governor Cuomo said. “When the lower tax rates for businesses and residents go into effect on January 1, more than four million middle-class New Yorkers will get a tax-break. We hope all New Yorkers will join us in counting down to lower taxes for our State.”
Governor Cuomo passed the new tax structure in a bit of last minute political jujitsu, lowering rates for most New Yorkers and raising them on the richest just as the old millionaire’s tax surcharge was set to expire.
It is the first reduction in taxes in nearly 6 decades, and meant a $690 million cut for middle class New Yorkers.
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