NY reports collecting $3.9B in evaded taxes

cash gavel money

ALBANY, N.Y. (AP) — 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.

WIVB.com provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language or racial slurs, will be banned. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review. Note: Comments containing links are not allowed.

blog comments powered by Disqus