The highest one percent of income earners account for about 36 percent of all state taxes.

N.Y. Assembly Looks at Millionaire's Tax

New York Assembly Speaker Sheldon Silver is reportedly pitching a plan for an increased "millionaire's tax" aimed at 75-85 thousand New Yorkers making $1 million or more a year.
Political columnist Fred Dicker , who appeared on Wednesday's Good Day New York, says Silver secretly proposed a $1 billion tax hike on the highest income earners to Gov. Paterson.
The plan would jack up a current millionaires tax another 11-percent. The current "millionaire's tax" actually starts affecting people who have incomes over $200,000. High income tax earners would pay more than 13-percent of their salary in local taxes.
The highest one percent of income earners account for about 36 percent of all state taxes.
The state is trying to close a $9.2 billion deficit.
Governor Paterson approved a plan that would furlough 100,000 state workers one day a week for eight weeks, which would save $30 million a week for the state. A judge blocked that temporarily blocked that plan at a union's request. A hearing was scheduled for Wednesday afternoon to review Paterson's plan.