He’s proposed an additional 2% tax on New Yorkers earning more than $1 million a year. Added to the city’s current top rate of 3.876%, the tax would bring the combined New York City and state tax to 16.776%, by far the highest in the country. The combined federal, state and city rate would be 53.776%.- https://www.cnbc.com/2025/07/17/new-york-city-braces-for-wealth-flight-with-mamdanis-political-rise.html