As a nonprofit corporation, it is exempt from state and city taxes, including property taxes.

In return, it gets a discount on hospital charges and pays no state or city taxes.

The combined marginal rate for the state and city taxes was recently running around 11 percent, which is bad enough.

As a nonprofit corporation, it pays no state or city taxes, including property taxes.

The room cost $248.47 a night (with state and city taxes).

That pension is free from state and city taxes, but not from Federal taxes.

A key reason is the reduction of state and city taxes on hotel rooms.

Before the reduction, rooms renting for more than $100 a night paid 19 1/4 percent in state and city taxes, plus the $2 flat tax.

Because the state and city taxes were deductible on Federal returns, the effective tax rate was 23.6 percent.

They also paid $60,095 in state and city taxes.