Taxes & Migration Fact Sheets
Taxes & Migration Fact Sheets Fact Sheet: Millionaire Migration and Taxes Download PDF Fact Sheet: Middle Class Migration and Taxes Download PDF Fact vs Fiction: The Truth About New York's Corporate Tax Download PDF
Tax Policy Brief: Estimating Revenue from a More Progressive Income Tax
Estimating Revenue from a More Progressive Income Tax March 2023 By Emily Eisner, Ph.D, Economist Download PDF New York’s budget is largely funded through the state’s personal income tax (PIT). Between 2015 and 2020, state revenue from the personal income tax totaled between $47 billion and $55 billion annually. In 2021, the New York state legislature voted to create new PIT brackets for individuals earning over $1 million annually. This change created a more [...]
FPI Annual Budget Briefing
FPI Annual Budget Briefing: Fiscal Year 2024 Executive Budget FPI presented its annual briefing on the Executive Budget on Thursday, February 16. You can download our budget briefing book here: Download the Book Download the Slideshow
Tax Policy Brief: Capital Gains Taxes
Estimating the Revenue Impact of Higher State Taxes on Capital Gains February 6, 2023 By Emily Eisner, Ph.D, Economist and Nathan Gusdorf, Executive Director Download PDF The U.S. federal tax code distinguishes between two types of income: ordinary income, which we can generally think of as wage and salary income, and capital gain, which we can generally understand as income from investments (e.g., the sale of appreciated stock).[1] Where a taxpayer has capital gain that [...]
FPI Executive Director Nathan Gusdorf speaks with Errol Louis on NY1
Nathan Gusdorf, Executive Director of the Fiscal Policy Institute, spoke with Errol Louis on NY1's "Inside City Hall" about FPI's recent report on how housing and rental costs, not taxes, explain the recent trend of migration out of New York. They also discussed the Governor's Executive Budget. Watch here
FPI in the New York Times: New New York plan silent on need for revenue
The New York Times covered a panel discussion that included Governor Kathy Hochul and Mayor Eric Adams, which focused on New York City's recovery from the coronavirus pandemic and the proposals found in the "Making New York Work for Everyone" report: "Nathan Gusdorf, executive director of the Fiscal Policy Institute, said the mayor’s recent cuts to agency budgets — along with the governor’s opposition to raising taxes on the wealthy — will make the proposals in the report difficult to achieve. 'The report identifies key policy areas [...]