New York Drivers: Pay State Taxes Or Lose Your License

Under a new law passed earlier this year, 16,000 residents who owe more than $10,000 in state taxes began receiving notices this week that their driver's licenses will be suspended if they don't pay up.

What's the Latest Development?


Starting this week, New Yorkers who owe more than $10,000 in back state taxes began receiving notices from the government stating that their driver's license will be suspended if they don't pay them within a specific time period. The first notice gives them 60 days to arrange payment, and if they haven't done so within that timeframe, a second notice gives them an additional 15 days. State officials say 16,000 notices will eventually go out, and they expect to get $26 million this year alone. 

What's the Big Idea?

The notices are the result of a law that went into effect in April and was originally proposed by Governor Andrew Cuomo, who says simply: "Tax scofflaws who don't abide by the same rules as everyone else are not entitled to the same privileges as everyone else." The state's Department of Taxation and Finance says that about 70 percent of the offenders owe close to $478 million in personal income taxes, while another 20 percent owe almost $413 million in business taxes. The new system is similar to the one used to compel child support payments through the threat of suspending a driver's license.

Photo Credit: Shutterstock.com

Read it at The Wall Street Journal

LinkedIn meets Tinder in this mindful networking app

Swipe right to make the connections that could change your career.

Getty Images
Sponsored
Swipe right. Match. Meet over coffee or set up a call.

No, we aren't talking about Tinder. Introducing Shapr, a free app that helps people with synergistic professional goals and skill sets easily meet and collaborate.

Keep reading Show less

Should you invest in China's stock market? Know this one thing first.

Despite incredible economic growth, it is not necessarily an investor's paradise.

Videos
  • China's stock market is just 27 years old. It's economy has grown 30x over that time.
  • Imagine if you had invested early and gotten in on the ground floor.
  • Actually, you would have lost money. Here's how that's possible.
Keep reading Show less

Scientists claim the Bible is written in code that predicts future events

The controversy around the Torah codes gets a new life.

Michael Drosnin
Surprising Science
  • Mathematicians claim to see a predictive pattern in the ancient Torah texts.
  • The code is revealed by a method found with special computer software.
  • Some events described by reading the code took place after the code was written.
Keep reading Show less
Videos
  • Facebook and Google began as companies with supposedly noble purposes.
  • Creating a more connected world and indexing the world's information: what could be better than that?
  • But pressure to return value to shareholders came at the expense of their own users.
Keep reading Show less