I love New York. But how much should it cost to call New York home? Decades of out-of-control budgets, spending hikes, and relentless borrowing have made New York simply too expensive.
If you have fewer teenagers having children, they could focus more on their vocational development.
In New York, the average total state and local tax burden is $5,260 for every man, woman and child. That's by far the highest in the country.
What made me this way was watching my father go through bad employment experiences. When I was 17, and he was 65, I saw him go through the experiences working for a boss that was rude and obnoxious. I swore if I was ever had the capacity to run a company that I would do it in a different way.
I've been paying a lot of money in state income taxes, and I've been happy to do it, but when this last thing happened, this 50 percent increase in the tax rate, it was just too much.
That's part of being an entrepreneur - you watch your pennies.
