[plain talk]

It would increase the city’s highest income tax rate by about 0.5 percent, to 4.4 percent from about 3.9 percent, for married couples with incomes above $1 million and individuals who make more than $500,000.

4% is what some states charge. This is on top of what NY state charges. Incredible.

[bob_esb]

[note. i am in Seattle - so i know stupid city councils and state senates]

The rich people are part of establishment and rely on deals from govt. They are part of the same group and attend the same political fund-raisers and parties. They is just a misleading deal - they will get more back in deals - especially the property owners and lawyers

[Calvin Locke]

IIRC, Bloomie realized that around 55K NYC residents pay for a very sizable chunk of the city's budget, and was loathe to do any direct taxation of them to make NYC less desirable as a place of residence.

I'm sure de Blasio has Seattle's Berkeley economic con artist on retainer massaging the reality.