A study shows that New York City has lost 10 percent of taxpayers earning over $750,000 and 6 percent of those who make between $150,000 and $750,000.
Nevertheless, leftists emboldened by the midterm elections are calling for even more tax increases on the wealthy:
A new city analysis shows that a huge chunk of high-income earners fled in 2020. Yet progressives refuse to hear the alarm bell: They’re pushing to “tax the rich” yet again instead.
The study by the city’s Independent Budget Office shows a 10% plunge in taxpayers who made over $750,000, and 6% of those with incomes between $150,000 and $750,000. These now-former New Yorkers will no longer pay hefty taxes to the city or state, leaving significantly less revenue to fund progressives’ pet projects.
…Clearly, many taxpayers fled to escape New York’s off-the-chart taxes. Yet the radicals who increasingly dominate local politics want to slam those who haven’t left even more: Last Monday, a group of advocates and elected officials launched a campaign for a ludicrous $40 billion in new taxes on the rich.
Meow!
FIRE ALL Democrats SOLVED !!!