'Millionaires' tax' would hit fewer on LI
Photo credit: Howard Schnapp | Community and union leaders rally against state legislative proposal to give tax break to millionaires in Hicksville. (Oct. 18, 2011)
ALBANY -- Millionaires aren't what they used to be on Long Island.
With a debate over a millionaires' tax intensifying on the state and federal levels, state Tax Department figures show the number of filers earning seven figures or more on the Island has dropped 35 percent since 2007, before a worldwide financial crisis triggered a U.S. recession.
There were fewer than 5,500 tax filers...
