I have a feeling, no facts involved, that a lot of people in New York City will just shrug and put up with it all. We all did that for decades between Reagan and Trump.
A bit misleading is the headline. He’s calling for a 2% hike on the wealthiest New Yorkers bringing their total tax to 52%.
Personally, like Trump says...I hope he wins. Let New York wallow in the mess they are voting for. Let him make an example out of that city who voted for this communist clown.
Mamdani is actually saying the top marginal rate in NYC will be 52%, including the Federal. 37% Federal, NY State, NYC city income tax. Of course, there’s other nicks, like sales tax, user fees, and the like.
He’s not saying that the Federal tax will be added on top of the 52%.
Mamdani is actually saying the top marginal rate in NYC will be 52%, including the Federal. 37% Federal, NY State, NYC city income tax. Of course, there’s other nicks, like sales tax, user fees, and the like.
He’s not saying that the Federal tax will be added on top of the 52%.