Taxes are done and I find that I am getting a refund from the federal government of a few hundred dollars, and from New York state, one of much, much less.
Asking around, I find this is the norm. The ratio seems to be about 10 to 1.
They say the federal government is doing bad, so New York must be in real trouble.
As a result, I would like to do a little extra, and send a few Powerball tickets to New York. But the tax instructions only tell you where to send a return that has a check, or one that doesn't, not one that includes lottery tickets.
In his taxes, the lieutenant governor, Robert Duffy, reported almost $3,000 in income from the race track in 2012. Apparently he needs gambling, too, to make ends meet.
He got a refund from the federal government of over $2,000 and from New York of about $200. It's reassuring, I guess, to see the big guys don't do any better than the regular people.
Steve Burke
for Ithaca NY Blog
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