
New York State To Cut Taxes For 75% Of New Yorkers
Taxes in New York could reach its lowest level in 70 years!
Cheers to paying less taxes!
New York Gov. Delivers State Of The State
New York Gov. Kathy Hochul says her goal for 2025 is to make New York State more livable and affordable for all residents.
“Making New York more affordable has been one of my top priorities and to continue this commitment, I am proposing a substantial tax cut for middle-class New Yorkers to lighten the burdens of inflation," Hocul said.
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She plans to deliver on the promise with a number of proposals in her 2025 State of the State.
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While confirming a plan to cut taxes for 75 percent of New Yorkers, she also released a plan for the State’s "first-ever inflation refund" check. CLICK HERE To see how much money you should receive.
Middle-Class Tax Cuts In New York
Gov. Hochul also proposed a middle-class tax cut for 75 percent of New Yorkers.
"By cutting rates across five of the State’s nine tax brackets, Governor Hochul will bring tax rates down to their lowest level in nearly 70 years," Hochul's office told Hudson Valley Post.
If passed, 8.3 million New York taxpayers should see a middle-class tax cut in the current tax year. It will be reflected in the rates that taxpayers pay out of each paycheck, officials say.
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Nearly 77 percent of taxpayers in New York should see hundreds of dollars in savings if passed.
“Families shouldn’t have to worry about whether or not they can afford to put food on the table because of the rising cost of groceries,” Governor Hochul said.
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