In New York State, the 16 largest banks sent taxes totaling $5 million in the most recent reporting period; that compares with $173 million from the same period a year ago.
Taxes paid are down an astonishing 97%!
And this is going on throughout the United States . . . . ouch!
"It will be a number of years before Wall Street starts paying taxes again,'' the mayor said at a press conference yesterday in Manhattan. "They will carry forward all of those losses.''
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