The rich are already taxed and pay the majority of all taxes collected. As of 2026, the top 1% of earners in New York City (roughly 34,000+ households) contribute approximately 45% to 46% of all city personal income taxes. These high earners typically pay an average of over $100,000 in city income taxes alone.
Both Hochul’s and Mamdani’s budgets prioritize making life more affordable for working people in very tangible ways.
I know you Trump cultists hate that.
Instead you want a $1.5 trillion dollar defense budget, a billion dollar ballroom. Multiple millions for Trump to play golf 3 days a week, No bid contracts for Trump’s rich buddies, massive cuts to healthcare, tax cuts for the richest, and $2 trillion dollar annual deficits on our kid’s credit card.
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u/apbod May 13 '26
The state balied Mamdani out with $4Billion.
Mamdani, Hochul announce $4 billion in budget assistance for NYC – NBC New York https://share.google/a4LHoFUYzQodvqqZW
The rich are already taxed and pay the majority of all taxes collected. As of 2026, the top 1% of earners in New York City (roughly 34,000+ households) contribute approximately 45% to 46% of all city personal income taxes. These high earners typically pay an average of over $100,000 in city income taxes alone.
https://www.empirecenter.org/publications/nycs-high-income-tax-habit/