GOV PLOTS SECRET TAX HIKE ON RICH
GOV. PATERSON and legislative Democrats have secretly agreed on an $8 billion, two- year tax hike on individuals making more than $500,000 a year that will "sunset" around the time he plans to run for election in 2010, legislative sources told The Post.
Also under intense discussion yesterday as lawmakers rushed to complete a budget by April 1 is a proposal to raise the state's 4 percent sales tax to 4.5 percent the total of which would jump to close to 10 percent in parts of the state with the addition of local sales taxes.
The sales-tax hike, too, would sunset at the end of next year or in early 2011, legislative Democrats said.
While Paterson has repeatedly claimed he was against a "millionaires' tax" on the very wealthy and hasn't backed a sales-tax hike, the sources said he was privately backing both.
MOREThose people, their money and companies will soon be leaving New York.
BTW, we have no income tax in Tennessee.
