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09.20.12 Andy Cush

Accepted wisdom states that you should spend no more than 25 to 30 percent of your income on rent. According to a study published by the non-profit research firm RTI, low-income smokers in New York State spend that much on cigarettes (for contrast, New York smokers who make over $60,000 spend just 2.2 percent of […]

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07.25.12 Marina Galperina

Good news, filmmakers. That sweet 10% post-production tax incentive has just gotten sweeter. Gov. Cuomo has signed a new law upping it to 30% in the greater New York City area, Hudson Valley and Long Island, effective immediately. That’s hefty. So is the $7 billion spent in New York by film and television producers since […]

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04.16.12 Marina Galperina

Your taxes are due tomorrow, champ. Aw. But don’t get sad. So, you waited ’till the last day and now you got a bureaucratic mountain of shit to scale and you feel like hiding under your bed. Don’t be a wimp. Check out Ai Weiwei: The dissident artist is suing the Chinese IRS for fining his […]

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12.08.11 Bucky Turco

Last night, New York lawmakers voted to approve a new tax code that no one would have expected a few months ago. It was only back in October, on the one month anniversary of Occupy Wall Street, that Governor Cuomo reiterated his commitment to letting the millionaires’ tax expire and refusing to hike the rate […]

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11.04.11 Marina Galperina

After being given just days to pay the police $2.4 million in “taxes,” dissident Chinese artist Ai Weiwei says he will fight the charges “to the death” and yikes, he must mean it. Remember Ai bleeding on a hospital bed after being beaten by cops? Already, thousands of Chinese citizens have offered donations to pay […]

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06.28.11 Marina Galperina

The Chinese government is reportedly demanding $1.85 million in “evaded taxes and fines” from dissident artist Ai Weiwei. Since his release, Ai is under constant surveillance and forbidden to use Twitter or talk to the media. Security goons have just prevented him from meeting an artist friend at a park because it “wasn’t part of […]

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11.26.10 Bucky Turco

$20 mill a month. That’s how much New York is losing in revenue to the illicit cigarette market according to the Post. Illegal shipments of cigarettes, from all over, are flooding the state as people realize there’s drug money to be made in wake of this summer’s extremely high tax increase. Cigarettes in New York […]

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11.23.10 Bucky Turco

Colorado has taken a California-like approach to its medical weed program, licensing hundreds of dispensaries around the state, and so far, so good. Patients are getting their medicine and generating lots of karma-free dollars in the process. The state collected $2.2 million in sales taxes for 2010 and Denver took in the same amount in […]

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08.12.10 Bucky Turco

Earlier this summer, Albany hiked up the tax on tobacco, making cigarettes in NYC more expensive than drugs, but so far it’s not panning out revenue wise. The amount of cigarette tax stamps sold by the state has drastically decreased as the nicotine addicted travel to Indian reservations and places like Pennsylvania to cop. |NYP| […]

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06.22.10 Bucky Turco

Sold in as an emergency spending measure to keep the the state government from shutting down, ha!, last night, the legislature voted to increase taxes on cigarettes by $1.60 per pack, raising the cost to $4.35, the highest in the nation. Once federal/city taxes are tacked on, New Yorkers can expect to pay about $11.50 […]

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