Did you know that from 2008 to 2010, Travelers Insurance paid a tax rate of 0.1%, American Express paid 1%, and Verizon paid 2.6%.
At that same time, a family of 4 making $58,000 a year paid 4.1%.
It’s not right for a bodega owner to pay higher tax rates than a hedge fund manager - who also receives tax breaks! Government should work for all New Yorkers, not just cater to the fat cats on Wall Street.
Write Governor Cuomo, your Senator and Assemblymember and urge them to close corporate tax loopholes now!