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FEB 26, 2013 - Washington Business Journal

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Wall Street bonuses, profits on the rise in New York

Profit and bonuses are on the rise at Wall Street securities firms, according to an analysis released Tuesday by New York state comptroller Thomas DiNapoli. It's a measure of good news for the entire state's economy—and for tax revenue. Taxes on Wall Street income, bonuses, real estate deals, IPOs and other activities account for 14 percent of all revenue the state receives. (That figure peaked at 20 percent during the run-up right before the recession hit in 2008). The Wall Street securities…

Tags: Wall Street bonuses, profits on the rise in New York,  Taxes Latest News