Entries from Gothamist tagged with 'taxes'
July 23, 2008
Newsday is reporting that beloved coal-oven pizza institution Grimaldi’s was shut down today by the New York State Department of Taxation and Finance. The paper's website has it that the Brooklyn restaurant was seized because of over $150,000 in tax warrants. Agency spokesman Tom Bergin told Newsday that Grimaldi's has been in a dispute with tax officials over allegedly unpaid state sales and withholding taxes for two years. And yet... we swung by Grimaldi's......
Continue Reading "Grimaldi's Pizzeria Seized By Taxman"July 23, 2008
Yesterday, federal prosecutors confirmed to the Daily News that they dropped the criminal probe into the finances of the Reverend Al Sharpton and his non-profit, the National Action Network. The feds, which had been investigating since December, has left the matter to the IRS, which estimates the non-profit owes "between $2 and $9 million" in back taxes (Sharpton has already paid back $1 million to the IRS). And he still owes a lot in city......
Continue Reading "With No More Criminal Probe, Sharpton Works on Tax Settlement"July 7, 2008
City Councilman Eric Gioia suggests that the city and the state should pay hardball with countries and diplomats who don't pay parking fines or property taxes. The Post reports the Queens pol's ideas include cutting off electricity, taking away driver's licenses and towing cars. The city is owed about $78 million in unpaid taxes--Egypt owes almost $2 million in diplomatic-related parking tickets and India owes upwards of $16 million in property taxes.......
Continue Reading "The Great White Whales: Diplomats Who Don't Pay Taxes"June 1, 2008
An additional $1.25-a-pack tax on cigarettes goes into effect Tuesday, meaning that a carton of name brand smokes will cost a staggering $85. If the average cost of a box of premium brand cigarettes rises to $8.50, 50% of that cost is directly related to taxes ($2.75 to the State, $1.50 to the City). The Center for a Tobacco Free New York hopes that the latest tax increase will cause another 6% of the state's......
Continue Reading "From Coughers to Coffers, Smoke Tax Increases"May 3, 2008
A penny here, a penny there, pretty soon it adds up to driving right by a gas station because they've crossed a psychological barrier of asking more than four bucks for a gallon of gas. Area stations are trying hard to hold the line at $3.99 a gallon to keep from scaring the bejeezus out of drivers with the facts, which is that gasoline is the most expensive it's been since the invention of the......
Continue Reading "The Psychology of Getting Soaked at the Pump"May 2, 2008
Last week Governor Paterson signed off on a new tax law requiring out-of-state retailers to collect sales tax from consumers in New York State. Like other states, New York requires residents to pay tax on out-of-state purchases for which sales tax wasn’t collected. The big argument is over who’s responsible for collecting; the new law puts that onus vendors like Amazon, which is now fighting the bill in State Supreme Court. What’s interesting is that......
Continue Reading "Amazon Suing New York State Over Sales Tax Law"April 29, 2008
A member of the House Committee on Homeland Security will be releasing a report that alleges cigarettes sold on Indian reservations ultimately help fund Hamas and Hezbollah. The report, "Tobacco and Terror," from the staff of Republican Representative Peter King, illustrates how bootleggers could buy tons of cigarettes from Indian reservations, where cigarettes are not taxed. Here's a sample sentence from the report: “A motivated terrorist cell could generate sufficient funds to carry out another......
Continue Reading "Report: Black Market Cigarettes Linked to Terror Groups"April 15, 2008
Photograph of last minute-filers from the Municipal Art Society's New Penn Station website April 15 is finally here and if you haven't filed your tax returns (or for an extension), you better hustle. The James Farley Post Office at 421 Eighth Avenue and 31st Street, just west of Madison Square Garden, is where the procrastinators tend to congregate, because it is the city's only 24-hour postal facility. In fact, free Pretzel Crisps will be......
Continue Reading "It's Income Tax Day!"April 14, 2008
New Yorkers are supposed to be honest at tax time and indicate how much they've purchased from online retailers--like Amazon.com--that don't charge NY State sales tax. Now the NY State tax department wants online retailers to charge sales tax, or else be subject to audits going "back as far" as tax officials want. Currently, retailers who have a physical presence in New York are required to pay state and local taxes, not ones who just......
Continue Reading "Is it Time for Amazon to Adopt NY State Taxes?"April 8, 2008
Gov. Paterson publicly addressed the state of New York's budget and described it as "too big and too bloated." Belt tightening is the prescribed solution according to the Governor, with state spending to be cut by 5-10% in the latest fiscal year. That is a pretty dramatic reduction, but Paterson was quick to reassure that it was equally important that the state not raise taxes either, noting that many residents were decamping to lower-tax states......
Continue Reading "Paterson: Budget Bloated and Cuts are Necessary"March 14, 2008
Mayor Bloomberg stood up for rich New Yorkers when he advised against the state raising income taxes on the wealthy. Why? He said, "I think at this point, where we're in competition with other cities around the world for entrepreneurs and the best and the brightest, it's not the time to be raising taxes." Assembly Democrats suggest raising the tax rate for incomes of $1 million+, which would mean a $1.5 billion in additional revenue.......
Continue Reading "Don't Tax Rich People, Says Bloomberg"March 14, 2008
The abrupt elevation of Lieutenant Governor David Paterson to the top seat in NY State government should mix things up a bit in Albany and NYC. First up is the state budget, and with a grim economic outlook and behind-the-scenes transitions, he said yesterday, “We cannot afford to waste another second. We have a budget that is due and a deadline to meet.” Paterson added he would attempt to govern by consensus, rather than take......
Continue Reading "Paterson's Rule Could Derail Major Real Estate Deals"February 10, 2008
Sure Mongolia is a sparsely populated nation with a GDP just over 25% of what Wall St. alone pays out in bonuses, but this is New York City; and you gotta pay what you owe. So said a U.S. District Court judge Friday, when he ruled that India, Mongolia, and the Phillipines owed New York City tens of millions of dollars in back taxes. Generally consulates, missions, and embassies operate under the convention that they......
Continue Reading "The Taxman Cometh, for Consulates"January 8, 2008
The Independent Budget Office of the City of New York released a five page report [pdf] yesterday projecting that beginning next year, the City will face a serious fiscal crisis when it runs a deficit of $3.1 billion. By 2011, that budget shortfall could more than double, to $6.3 billion. The projections merely take into account current trends in New York City and don't factor in the possibility of a widespread national recession. The title......
Continue Reading "City Braces for Flood of Red Ink"December 19, 2007
Last week we learned that all New York taxis will soon be held to higher fuel efficiency standards; starting next October new cabs must get at least 25 miles per gallon. But the cab changes don’t stop there – in addition to upcoming GPS and touch-screen video technology, the Taxi and Limousine Commission is considering selling an unlimited card for cab riders, which may feature “fare integration” with buses and subways. Over half the city’s......
Continue Reading "Future Taxis May Take Metrocards and More"December 19, 2007
New York City is getting safer and safer. Well, at least Manhattan is. Manhattan District Attorney Robert Morgenthau told reporters yesterday that there have only been 65 murders in the borough this year, down 40% from last year. When Morgenthau took office in 1975, the borough had 648 murders, accounting for almost 40% of the city's total. The 65 homicides this year account for just 14% of the city total. The 88-year-old DA attributed the......
Continue Reading "Murder Rates Look to be Lower for 2007"December 9, 2007
A couple of real estate agents are seriously deluded and declaring Montclair, NJ as "Park Slope West" (something The NY Times covered two years ago). They stand by their claim and the town's "urban-suburban setting" which boasts a theater, a museum, shops and even a "great commute". Suckers Prospective buyers are brought to the suburbs in a limo, and are wined and dined at the “Park Slope-style” restaurant, Raymond’s. Recently a curious Brooklynite and a......
Continue Reading "Montclair, New Jersey = Park Slope West?"November 28, 2007
John Gotti Jr. interrupted his lawyer and spoke with reporters after appearing at Federal Court in White Plains yesterday. Gotti, reacting to a 2006 story in the NY Post which claimed he was becoming a government informant, became angry and said that his family was scared of a possible mob hit:My family lives in fear as a result of this. What happens next? Tell me, what happens next? Does it make it all better if......
Continue Reading "Junior Gotti's Fear of the Whack"November 27, 2007
Barack may have Oprah, but the stagehands' and writers' union have John Edwards! The former senator, currently in third place after Senators Hillary Clinton and Barack Obama in the hunt for the Democratic presidential nomination, voiced his support of Local One, the Broadway stagehands union that has been on strike since November 9 over a new contract. Democratic political consultant Hank Sheinkopf said, "To interfere with the power of the Broadway community is not......
Continue Reading "John Edwards Supports Stagehands', Writers' Strikes"November 25, 2007
Last week, a CNN/WMUR poll with "likely Republican voters in New Hampshire" gave a snapshot of what they were thinking and Rudy Giuliani's presidential campaign got the bad news that not only had his poll numbers slid from 24% to 16%, he was now in third place after former Massachusetts governor Mitt Romney (33%, up from 25%) and Arizona Senator John McCain (18%). Third after McCain! So, Giuliani hustled to New Hampshire to make......
Continue Reading "Giuliani Tries to Heat Up Campaign in New Hampshire"November 22, 2007
Governor Spitzer's sudden Tuesday announcement that he would ask the MTA to keep the base subway and bus fare at $2 continues to draw skeptics of all kinds. Since the MTA just found an extra $220 million on their balance sheets, though additional revenues, real estate taxes, underspending and debt service costs, Spitzer said that the additional funds could be used to avert a base fare hike. Hurrah? Well, yes, but... ...the cost of unlimited......
Continue Reading "What's Fare is Fair - or Not!"November 20, 2007
Dunh dunh DUNH! Governor Spitzer has announced that he is asking the MTA to hold off raising subway and bus fares! Spitzer, who has been smarting from widely hated policy proposals and low approval ratings, made a pre-Thanksgiving bid to show he's listening to his public and said, during a specially planned 9AM press conference, via CityRoom: As the M.T.A. budget forecasts, their balance sheets yielded another $220 million. Based on the current economic......
Continue Reading "Governor Spitzer to Steamroll Subway & Bus Fare Hike!"November 18, 2007
Derek Jeter isn't alone when it comes to accusations of dodging taxes. The New York Post features a rundown of other famous New Yorkers who are on the hook for taxes owed. Near the top of the list is rap mogul Damon Dash, who allegedly owes the state $2 million.Dash, 36, is one of almost 225,000 city debtors who together have shortchanged the city and state more than $1 billion in income taxes, penalties and......
Continue Reading "April 15th Isn't Optional"November 17, 2007
Derek Jeter's mom is claiming that her son wouldn't cheat on his taxes, days after the NY State Dept. of Taxation and Finance claimed that the Yankees captain owed the state hundreds of thousands, if not millions, of dollars in back taxes. Jeter says that his primary residence is in Florida, which doesn't have a state income tax. He does, however, live in the Trump World Plaza building on 1st Ave., across from the United......
Continue Reading "Jeter's Mom Says He's No Tax Cheat"November 16, 2007
The NY State Department of Taxation and Finance is pretty sneaky. After years of observing the Yankee captain's comments, lawyers are saying that DJ owes hundreds of thousands in back taxes. Though Jeter's Yankees salary is partially taxed by NY State, he has claimed that his primary residence is in Florida, which has no state tax. The argument from tax officials is that Jeter has made statements "professing his love for New York" and that......
Continue Reading "NY State Says Derek Jeter is a New Yorker - And Owes NY State Taxes"November 16, 2007
Governor Eliot Spitzer had a busy week. Not only was he working himself up to admit his driver's license plan would not pass, Spitzer suggested instituting the state's 8.375% sales tax on Internet goods - just in time for holiday shopping! But only hours after the NY Sun reported on the plan, Spitzer changed his mind, deciding to wait until the new year to implement taxes on Internet purchases. Currently, online retailers who don't have......
Continue Reading "Spitzer's Holiday "Gift" to Online Shoppers"November 7, 2007
Earlier today, the Reverend Pat Robertson endorsed Rudy Giuliani for president, showing that the former mayor was able to win over an influential Christian conservative leader. Robertson explained,"To me, the overriding issue before the American people is the defense of our population from the bloodlust of Islamic terrorists.... We need a leader with a bold vision who is not afraid to tackle the challenges ahead." And he acknowledged Rudy's NYC history, "Rudy Giuliani took a......
Continue Reading "Pat Robertson Endorses Giuliani on Anti-Terror Cred"October 12, 2007
Yeah, it was too much to hope that the two of the most powerful men in Albany could put aside their differences and, uh, govern. Now, Governor Spitzer's aides are suggesting that State Senate Majority Leader Joseph Bruno should pay income taxes on his many flights on state aircraft. The Republicans got a hold of a letter drafted by State Senate Minority Leader Malcolm Smith's aides that asked the IRS to look into the matter.......
Continue Reading "Troopergate: Now With the IRS!"October 11, 2007
Not only is there no sex in the champagne room, apparently tips from the champagne room aren't all going to strippers! A former bartender at Scores is suing the pleasure palace chain, claiming that management stiffed employees of their rightful tips. Siri Diaz claims that when Scores customers use "Diamond Dollars," the club's payment plan, to pay for dances and drinks as well as tips for strippers, servers, and bartenders, management wouldn't give the workers......
Continue Reading "Tipless At Topless Bar: Scores Sued by Employee"September 26, 2007
EVENT: We're sponsoring, and our publisher is hosting, the NYC Photobloggers event tonight. Come over to the Apple Store to see a dazzling display of digital images and the faces behind the photos: Eliot Shepard, Jay Parkinson (yes, that Jay Parkinson) and a whole lot more will be on hand. There will also be a special presentation by Jen Bekman of 20x200, Hey Hot Shot, and the Jen Bekman Gallery and an after party at......
Continue Reading "Pencil This In"
