Still, that only applies to NYS/NYC income taxes. You're still on the hook for f... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

crazygringo on Dec 19, 2013 | parent | context | favorite | on: Start-up NY: 100% Tax-Free for 10 Years?

Still, that only applies to NYS/NYC income taxes.

You're still on the hook for federal income tax, which is most of your income tax. (Obviously, the state can't do anything about that!)

jusben1369 on Dec 19, 2013 [–]

Right and we're comparing this to other state/s with income tax. What's CA up to now? I'm sure they're the bullseye target.

muzz on Dec 19, 2013 | [–]

If low income taxes tipped the scales enough to make it more profitable for businesses, why haven't we seen that already with states that have zero income tax?

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact