The following post is from our advertiser, the Freelancers Union.
The Unincorporated Business Tax (UBT) is an unfair double tax on New York City’s freelancers, taxing the same individual's earnings as both business and personal income. It drains millions of dollars a year from the pockets of self-employed workers, who comprise one of the largest segments of job growth in the city.
The UBT was originally designed to catch corporate tax dodgers, not the self-employed. But despite the law’s good intentions, big businesses still escape through loopholes while thousands of NYC freelancers are unfairly penalized. It’s an unfair, imprecise tax that needs to be completely overhauled so it can work as it was originally intended.
On April 28th, the New York City Council will hold a public hearing on exempting freelancers from the UBT. By packing the room, we’ll send a clear message to City and State leaders: END THE DOUBLE TAX ON FREELANCERS.
