New York’s Annual Stealth Tax Increase

The Wall Street JournalMonday, October 27, 2025 at 9:43:00 PM
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New York’s Annual Stealth Tax Increase
New York's annual stealth tax increase is raising concerns as the state fails to adjust income brackets for inflation. This means that many residents could find themselves pushed into higher tax brackets without any real increase in their income, effectively reducing their purchasing power. This issue matters because it highlights the financial strain on taxpayers and the need for policy reforms to ensure fairness in the tax system.
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