News

NY reports collecting $3.9 billion in evaded taxes

NY reports collecting $3.9 billion in evaded taxes

Photo: WHCU

New York officials report collecting $3.9 billion in evaded taxes over the past year, an increase of about $200 million or five percent over the prior year.

The Department of Taxation and Finance says about 96 percent of the roughly $87 billion it collects in state and local taxes each year is remitted voluntarily by taxpayers.

Enforcement programs collect the balance, including $1.75 billion last year from audits and criminal investigations.

About $800 million was collected for local governments in the 2013-14 fiscal year that ended March 31.

The department says it also works with taxpayers to resolve debts and establishes payment arrangements.

Under a new program, the state reports suspending more than 8,100 driver licenses, resulting in full payments by some 7,000 taxpayers who each owed more than $10,000.

Copyright 2014 The Associated Press. All rights reserved.

Recent Headlines

1 hour ago in Music

This week’s top rock tracks

Fresh
fivefingerdeathpunch

LISTEN: This week's top rock songs, according to the latest Billboard chart.

22 hours ago in Viral Videos

WATCH: Puppies predict Super Bowl 50

15-overlay-5

Right or wrong, one thing is for sure: these puppies are adorable!

1 day ago in Viral Videos

Watch what this guy does with his iPhone

22-overlay-2

This experiment will make you want to hit the slopes and take your cell phone along for the ride.

1 day ago in Sports, Weird

Prognosticating Ape picks Panthers to win Super Bowl

18-overlay-1

The 1-year-old orangutan named Tuah chewed up a cardboard Panthers sign and later kissed a papier-maché Panthers helmet.

1 day ago in Weird

The Strangelove Suite: Northern Ireland sells nuclear bunker

irishbunker

It has no windows — but offers unrestricted views of Armageddon.