Workers and their employers in the finance industry are contributing 10 times as much in taxes to the city as the government and its employees, according to a study by the city's Finance Department.An article well worth your time.
Each employee in the securities and commodities business generated an average of $21,543 for the city's coffers in 2006, the last year for which data was compiled.
By comparison, a local government worker produced just $2,071 -- the least of any sector except social services.
The tax intake from state and federal workers wasn't much more: They chipped in an average of $2,111 and $2,347, respectively.
Tuesday, July 06, 2010
Big Apple banks on 'finance' : Private industries footing the city's bill
The New York Post reports: