New York Mayor Wants to Improve Subway System With the Wealthy’s Money

New York Mayor Wants to Improve Subway System With the Wealthy’s Money

New York Mayor Wants to Improve Subway System With the Wealthy’s Money

Have you taken a ride on New York’s Subway system recently?

If you have then you might have noticed that it’s in need of some work. Like many other forms of infrastructure, the Subway is getting old and worn down from years of use and lack of upgrades and repairs.

Of course, this is a problem that the mayor of New York would like to fix. So how does Mayor Bill De Blasio plan to do this? As you might have guessed he wants to raise taxes. However, he’s not looking for everyone to help foot the bill. He wants the state’s wealthiest individuals to pay a little more to help improve the system for everyone else.

According to the recently announced proposal, the mayor wants to increase the tax rate on anyone that makes more than $500k from 3.876 percent to 4.41 percent. His plan would also assist in the funding of half-price subway and bus rides for as many as 800k of the area’s lowest income individuals.

However, governor Andrew Cuomo has stated that the city should take more responsibility for the subway by pulling more money from it’s own budget.  Meantime, De Blasio claims that his plan would increase tax revenue by $700 million in 2018 alone. If the plan were to become law, about 32,000 residents would be affected by the tax increase.

We hope you found this article about “New York Mayor Wants to Improve Subway System With the Wealthy’s Money” helpful.  If you have questions or need expert tax or family office advice that’s refreshingly objective (we never sell investments), please contact us or visit our Family office page  or our website at www.GROCO.com.  Unfortunately, we no longer give advice to other tax professionals gratis.

To receive our free newsletter, contact us here.

Subscribe to our YouTube Channel for more updates.

Alan Olsen, CPA

Alan Olsen, is the Host of the American Dreams Show and the Managing Partner of GROCO.com.  GROCO is a premier family office and tax advisory firm located in the San Francisco Bay area serving clients all over the world.

Alan L. Olsen, CPA, Wikipedia Bio

 

 

GROCO.com is a proud sponsor of The American Dreams Show.

 

American-Dreams-Show-Accounting-firm-in-ca-cpa-tax-advisors-groco-alan-olsen

The American Dreams show was the brainchild of Alan Olsen, CPA, MBA. It was originally created to fill a specific need; often inexperienced entrepreneurs lacked basic information about raising capital and how to successfully start a business.

Alan sincerely wanted to respond to the many requests from aspiring entrepreneurs asking for the information and introductions they needed. But he had to find a way to help in which his venture capital clients and friends would not mind.

The American Dreams show became the solution, first as a radio show and now with YouTube videos as well. Always respectful of interview guest’s time, he’s able to give access to individuals information and inspiration previously inaccessible to the first-time entrepreneurs who need it most.

They can listen to venture capitalists and successful business people explain first-hand, how they got to where they are, how to start a company, how to overcome challenges, how they see the future evolving, opportunities, work-life balance and so much more..

American Dreams discusses many topics from some of the world’s most successful individuals about their secrets to life’s success. Topics from guest have included:

Creating purpose in life / Building a foundation for their life / Solving problems / Finding fulfillment through philanthropy and service / Becoming self-reliant / Enhancing effective leadership / Balancing family and work…

Untitled_Artwork copy 4

MyPaths.com (Also sponsored by GROCO) provides free access to content and world-class entrepreneurs, influencers and thought leaders’ personal success stories. To help you find your path in life to true, sustainable success & happiness.  It’s mission statement:

In an increasingly complex and difficult world, we hope to help you find your personal path in life and build a strong foundation by learning how others found success and happiness. True and sustainable success and happiness are different for each one of us but possible, often despite significant challenges.

Our mission at MyPaths.com is to provide resources and firsthand accounts of how others found their paths in life, so you can do the same.

Posted in
Patent Protection | Arlen Olsen

Patent Protection | Arlen Olsen

Episode Transcript of: Patent Protection | Arlen Olsen   Alan Welcome to America Dreams right here on AM 1220 kdow, we got a great show coming up today the first segment we’re going to be having Arlen Olsen. He’s a patent attorney and talking about patent law. And you know why you should be thinking…

Legacy of Success | Doug Keyston

Legacy of Success | Doug Keyston

Episode Transcript of: Legacy of Success | Doug Keyston   Alan Welcome back. I’m here today with Doug Keyston. And he’s a private wealth client advisor here in the San Francisco Bay Area. Welcome to today’s show. Doug Thanks very much Alan. Alan Doug. Can you give me your background? Doug I happy to do…

Entrepreneurs Journey | Steve Cho

Entrepreneurs Journey | Steve Cho

Transcript, Entrepreneurs Journey | Steve Cho Alan Welcome back. We have with us today on the show Steve Cho. Steve is the founder of a custom software system. Here in Fremont, California called ASCC. Steve, welcome to today’s show Steve And thank you for having me. Alan So Steve, can you give us some your…

From Mom to CEO | Janet Perry

From Mom to CEO | Janet Perry

Episode Transcript of: From Mom to CEO | Janet Perry Alan Welcome back. We’re here today with Janet Perry. Janet is the CEO of the Shabby Apple. And welcome to today’s show. Janet Thank you. It’s good to be here. Alan So Janet, tell me your background. How did you get to where you are…