It is a bit rich.
Aspiring Democratic Socialist Mayor Zohran Mamdani launched a 2% tax increase on Wednesday at the Millionaires of New York City to help him pay for his Oblive -filled agenda.
Mamdani released his tax -rich proposal, which includes another increase in large corporations at a press conference outside the City Council.
“We are presenting a platform today that will raise $ 10 billion a year to pay our agenda,” he said. “When it comes to taxing 1% of New York City, it will do it by taxing them an additional 2%.”
Mamdani’s plan calls corporate taxes by 4.5%, what campaign officials said to raise $ 5.4 billion of corporations.
Another $ 4 billion would come from the increase in taxes on the rich, with additional income that flows when reinforcing the city’s tax collection agency, authorities said.
The member of the Queens State Assembly has emerged from a candidate for Horse Dark to the finalist in the surveys, behind former governor Andrew Cuomo in the primary groceries of the Democratic Mayor’s Office of June.
Mamdani has done it through a mixture of friendly videos with the Tiktok and a socialist agenda without apologies, promising buses and care of free children, freezing and rental of rentals and Food stores administered by the city.
But its high objective of showing New Yorkers in gifts comes with a half -price label, and possible logistic obstacles.
Hiking income taxes would require approval by Albany legislators probably around soaking the rich.
Former Mayor Bill de Blasio promised similar to Increase taxes on rich Duration of his 2013 career, but it was Tested by then Gov. Cuomo.
Millionaires fled from the Big Apple with the duration of the scum the first days of the Pandemia of the Coronavirus, a 2023 of 2023 Study conducted by the Fiscal Policy Institute found.
But while the state of New York lost 2,400 millionaires in the first three years of Covid, “17,500 millionaires also won in the same period due to a strong economy and a growing salary,” says the study.
Those senior winners also tended to move to other high fiscal states such as California, Connecticut and New Jersey, according to the study.
“When the high winners move, they are more like moving to another high fiscal state than to a low fiscal state, indicating that taxes are relatively low in the list of motivating factors in the mobile decisions of the high winners,” says the study.
