THE BENEFICIARIES OF FEDERAL TAXES: NO, NOT NEW YORK!


Posted by Leonard Steinberg on April 13th, 2014

For every tax dollar New Yorkers give the Federal Government each year, they only get back 79 cents in Federal funding. You might conclude that the Federal Government is wasting our money somewhere, but oh no: just like most corrupt tax systems, this one has its beneficiaries. Mississippi  receives $ 3.07 for every dollar paid in….yes, triple!  Florida gets…..brace yourself…..$ 4.57!  Just like the disgraceful New York real estate tax system where we all receive about the same services from the government, yet some have to pay substantially more property taxes for their homes with identical market value……so that others can pay a lot less……just because!

A recent study found these disturbing facts establishing state-by-state federal funding as a percent of state revenue and the number of federal employees per capita and how many dollars in federal funding state taxpayers receive for every one dollar in federal income taxes they pay. Even more interestingly, the more dependent a state is on the federal government, the less likely it is to charge high tax rates: why charge high state taxes (or charge state taxes at all)if you can get your funding from others in America less worthy?

I feel certain some will argue good reasons for this disgusting abuse and disparity: I will call it what it is:  THEFT!