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Evaluation of a Proposal to Reinstate the New York Stock Transfer Tax

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  • Robert Pollin
  • James Heintz

Abstract

This report considers a proposal to reinstate the New York stock transfer tax (STT)that was phased out between 1979 and 1981. The proposal under consideration would reinstate the tax at half the rate that prevailed at the time of its repeal. The revenues from such a tax, at around $3.5 billion under current stock market conditions, would be shared equally by the governments of New York City and New York State.

Suggested Citation

  • Robert Pollin & James Heintz, 2003. "Evaluation of a Proposal to Reinstate the New York Stock Transfer Tax," Challenge, Taylor & Francis Journals, vol. 46(4), pages 71-105.
    • Handle: RePEc:mes:challe:v:46:y:2003:i:4:p:71-105
    DOI: 10.1080/05775132.2003.11034213
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    Cited by:

    1. Jonathan A. Schwabish, 2005. "Estimating Employment Spillover Effects In New York City with an Application to The Stock Transfer Tax," Public Finance Review, , vol. 33(6), pages 663-689, November.
    2. James Heintz & Robert Pollin, 2003. "Confronting the New York Fiscal Crisis: Raising Revenue Through Taxing Stock Market Transactions," Research Briefs rb2003-4, Political Economy Research Institute, University of Massachusetts at Amherst.

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