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Leading the Nation in Cutting Taxes

Like you, Governor Pataki believes that hard-working New Yorkers deserve to keep more of what they earn. That’s why Governor Pataki has made New York State the Nation’s leader in cutting taxes.

• Governor Pataki has cut 19 different taxes 63 different times, saving New York taxpayers a total of $67 billion. In fact, once all of Governor Pataki’s tax cuts have been enacted, New Yorkers will have saved more than $100 billion.
  
  
• This year, Governor Pataki’s income tax cut saves the average New York taxpayer $600. Since Governor Pataki has taken office the average New York taxpayer has saved a total of $3,711.
  
  
• Once Governor Pataki’s tax cuts are fully phased in, the average New Yorker’s personal income tax bill will be 20% less than what they paid before the Governor took office.
  
  
• Governor Pataki’s historic STAR program dramatically reduces property taxes for every New York homeowner; helping our seniors keep their homes and helping young families realize their dream of home ownership.
  
  
• Governor Pataki’s STAR program saves New York homeowners $2.6 billion each year, an average savings of $600 a year in property taxes—a drop of 27%.
  
  
• And under Governor Pataki’s STAR program, New York’s seniors save over $900 a year—a drop of 45%. In fact, nearly 200,000 seniors now pay no school property taxes at all!
  
  
• Governor Pataki has reduced business taxes in New York State by $2.7 billion in tax year 2002. In total, businesses in New York State have saved $13.3 billion since Governor Pataki has taken office.
  
  
• Governor Pataki has virtually eliminated the “marriage penalty” tax by expanding the standard deduction for couples filing jointly.
  
  
• Governor Pataki eliminated the Estate Tax, saving New York families, farms and small businesses nearly $450 million a year.