Current Status of the Local Income Tax in New York City

Tatsuhiko Tani
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Tatsuhiko Tani: Office of Research Development and Sponsored Projects, Mita Campus, Keio University

No 2016-007, Keio-IES Discussion Paper Series from Institute for Economics Studies, Keio University

Abstract: The orthodox view of local taxation is that local governments should not levy a progressive local income tax. However, a progressive local income tax is a major revenue source of New York City government revenue. Furthermore, in recent years, several Democrats in New York City have raised plan to make the city's income tax more progressive. Why is it considered that a progressive local income tax is a fair tax in New York City? This paper explores the economic and political background of progressive local income taxation in New York City.

Keywords: Local Income Taxation; Taxes in New York City; Local Income Redistribution; Income Inequality (search for similar items in EconPapers)
JEL-codes: H24 H71 (search for similar items in EconPapers)
Pages: 21 pages
Date: 2016-03-29
New Economics Papers: this item is included in nep-pub and nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:keo:dpaper:2016-007

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