AOC, socialists target NY’s top 5% with tax hikes — households making more than $250K would be hit: analysis

MSN ^ | 10/03/2023 | Carl Campanile

[ChicagoConservative27]

Rep. Alexandria Ocasio-Cortez and her lefty Democratic Socialist comrades aren’t just targeting the 1 percenters anymore.

The New York City congresswoman and her progressive posse are pushing to slam the “top 5%” of New Yorkers with a massive total $15 billion in state income-tax hikes that would hit households making just over $250,000 a year — well below millionaires’ row, an analysis says.

The eye-popping proposed tax increase comes as a new study released Tuesday by Upgraded Points found that New York suffered the largest exodus of wealthy millennials ages 26 to 45 who made more than $200,000 than any other state — a 4.6% reduction, or a net drain, of 27,101 prime-aged taxpaying earners.

[ridesthemiles]

HOUSEHOLD would indicate both partners working.

[alexander_busek]

Hard to get worked up by it as ‘the wealthy’ the top 5% of earners in New York have had PLENTY of chances to vote Republican, but chose not to.

There, fixed it!

Those top 5% probably do vote Republican.

Regards,

[alexander_busek]

HOUSEHOLD would indicate both partners working.

Could be the case - but isn't necessarily so.

Regards,

[BobL]

“Those top 5% probably do vote Republican.”

I would agree with that in Middle America, but you might want to visit the Upper West Side before generalizing to NY.