Gov. Cuomo has decided enough is enough. He is looking to suspense driver’s licenses of anyone owing the state as little as $5,000 in taxes.
Every year U.S. citizens are required to file their income taxes, submitting their finances report to the government. For most it’s an exciting moment because they assume a refund will come their way for all the hard work, but for others it means it’s time to pay back.
Many that benefit from keeping a large percentage of their income are required to pay the government back at the end of the year, but some choose to skip out. These people take advantage of the government and put the financial burden on the economy and law-abiding tax payers.
“Those who fail to play by the same rules as everyone else place an undue burden on hardworking, law-abiding taxpayers,” he said. “These reforms send a simple message: either pay the taxes they owe, or face real consequences.”
In 2013 Gov. Cuomo successfully pushed a law to suspend licenses of anyone owing the state at least $10,000 in back taxes. This proved to be very effective, forcing 14,000 law-breaking residents to forfeit more than $125 million to the state, in hopes of restoring their driving privileges.
According to the Daily News, Cuomo estimates that lowering the minimum to $5,000 would bring in another cash flow to boost the economy, forcing 11,000 people to pay up. This could result in $9 million in new revenue and $3 million for the following years.
In addition, he seeks to guarantee that people are up to date with their taxes before they can receive or renew professional and business licenses and permits. This also includes grants from state and local authorities.
This plan is part of Cuomo’s state budget and must be approved by Legislature, but many probably won’t disagree that cracking down on those taking advantage of the system is a must.
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