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That would lead to higher total taxes for such households.
The share of total taxes paid by other groups consequently increased.
Gyrodyne's controller, Frank D'Alessandro, estimated the total taxes on the property this year at $386,416.
Foreign income taxes accounted for less than $1 of every $500 of total taxes paid.
In all, corporate taxes make up $5.4 billion of total taxes paid to the city, or 14percentt, and $6 billion of total taxes paid to the state, or 15.6percentt.
Our total taxes went from $17,000 to $106,000 in 2010 — about half of our taxable income!
The bottom half of Americans, the 64 million households making less than $28,000, accounted for a somewhat larger share of total taxes.
One oil industry spokesman blamed higher local taxes, noting that Chicagoans are paying more than 50 cents in total taxes per gallon.
In effect, multinational corporations paid a larger share of their total taxes to the United States and a smaller share to foreign governments.
Reassessment is revenue neutral -- that is, it does not change the total taxes collected but aims to spread them more fairly by correcting erroneous assessed values.
Rich Britons pay about 39% of total taxes while America's wealthiest households contribute a larger share to government than in any other OECD country, at 45%.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com