What does this have to do with taxes?
Public employee unions are trying to identify revenue sources to continue to fund their compensation and benefits. They have suggested that New York's 8.97% income tax bracket be extended beyond its scheduled expiration in December 2011. The rate would revert back to 7.85% beginning January 1, 2012.
By the way...its not really a "millionaire's tax". The 8.97% rate is generally applied to taxable income in excess of $500,000.
New York Public Employee Unions Skip Usual Ad Blitz - NYTimes.com
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