The university found New York’s government slams citizens from every angle — from huge taxes to tight controls on business to myriad rules on all kinds of fun.
“New York has, by a wide margin, the highest taxes in the country,” the report found.
The study cited New York state’s 14 percent income tax, well above the national average.
New York is also the most indebted state, with 33 percent of income dedicated to borrowing in fiscal year 2010, the report said. [...]
The Empire State ranked poorly for its heavy-handed economic regulations. For example, the report flunked New York’s rent-control laws, claiming it dampened economic development.
Labor rules that include forcing government workers to pay union dues were also cited as a drag on the state.
The study also found that New York has extensive health-insurance rules that inflate costs.
More Here: NY Post
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