Comment on Start-up NY: 100% Tax-Free for 10 Years?parentComments−crazygringo12yStill, 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!)−jusben136912yRight 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.−muzz12yIf 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?
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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!)
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.
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?