Income distribution, inequality and poverty

Latest IRS Data Reveal Fundamental Mismatch Between New York’s Income Distribution and Its Tax System

August 6, 2008. New data from the Internal Revenue Service bolster the case for a high-end income tax surcharge in New York. New York is one of ten states that have income distributions that particularly favor the wealthy few – while the progressivity of the state income tax has been weakened since the 1990s. With the state facing a budget deficit and political leaders seeking a way to pay for effective and immediate property tax relief, this is especially timely … (read more)

The Economic Situation of New York City’s Low- and Moderate-Income Households

May 2, 2008. Testimony presented by chief economist James Parrott to the Rent Guidelines Board: a picture of a shallow recovery, high housing cost burdens and a shrinking middle class – plus a local economy in recession.… (read more)

Pulling Apart: Gap Between New York’s Wealthy and Poor Is Still the Widest in the Nation

April 9, 2008. New York has the dubious distinction of having the widest income gap between the rich and the poor of all 50 states, according to this report released by FPI in conjunction with a national study of income trends in the 50 states by the Center on Budget and Policy Priorities and the Economic Policy Institute. The report also shows that inequality in New York City is even more extreme than in the state as a whole. Also … (read more)

Wall Street’s Binge, Workers’ Hangover

November 6, 2007. An article by James Parrott, FPI’s deputy director and chief economist, who writes regularly for Gotham Gazette’s Economy section. Article >>(read more)

State of Working New York 2007: Encouraging Recent Gains, but Troubling Long-Term Trends

September 1, 2007. Upstate regions gain jobs, led by the Buffalo metro area. Four years into an economic expansion, New Yorkers finally got a slight raise last year, according to this year’s edition of The State of Working New York. In particular, the troubled upstate economy has experienced encouraging payroll growth, with Buffalo leading the way. But overall, these modest gains stand out against a backdrop of worrisome long-term trends. For example: workers aren’t seeing wage increases commensurate with their … (read more)

Statement from Frank Mauro on the New Poverty Data Released Today by the United States Census Bureau

August 28, 2007. Worrisome trends: New York continues to have the highest poverty rate of all of the northeastern and northern industrial states. The poverty rates in New York’s major upstate cities are incredibly high. Median household income is flat. Press release with statement >>(read more)

Income Numbers Show a Changing City

June 21, 2007. An article by James Parrott, who writes monthly for Gotham Gazette’s Economy section. Article >>(read more)

New York needs a Statewide Commission on Economic Security and Poverty

June 14, 2007. FPI joined the New York State Community Action Association (NYSCAA) and New Yorkers for Fiscal Fairness in calling on Governor Spitzer and the New York State Legislature to establish a commission on economic security to advise policymakers on how to help low income families get ahead. Over 100 organizations from around the state joined in the request. Group press release >>(read more)

How to fix the income gap

April 9, 2007. A letter to the editor by James Parrott. New York Times.(read more)

One New York: An Agenda for Shared Prosperity

November 20, 2006. One New York: An Agenda for Shared Prosperity is a comprehensive look at the economic and fiscal policy recommendations New York needs to strengthen the economy in each region of the state and to strengthen the middle class.

One New York: full report, executive summary, press release (also below)

Related:

(read more)