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Long Island Index 2006

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Publication Date: December 2006

Publisher(s): Long Island Index

Series:

Special Collection:

Topic: Banking and finance (Taxation and tax policy)

Type: Report

Coverage: New York

Abstract:

Ask most anyone on Long Island and they’ll tell you: the trouble with taxes is they are too high. But vital issues concerning taxes go far beyond the pain of the individuals who must pay them. These issues are far-reaching and interconnected. Taxes that are too high encourage the flight of human talent and businesses to less costly areas, with potentially devastating effects on a region’s competitiveness. Yet taxes can be too low. A region that lacks the revenues to provide excellent schools and other services may suffer the same kind of exodus.