Top-tier New York taxpayers may soon pay a marginal tax of 43% to the IRS and 17% to the city and state of New York…

We get the government we choose to elect, hence the government we deserve. Voting for ever-higher punitive taxes on the rich is arguably a form of civic suicide. Consider that a wealthy New Yorker can get a raise of almost 40% just by moving.

That’s right. If moving eliminates a 14.8% top state and local tax rate, our top-tier taxpayer gets a 36% raise, not a 14.8% raise, by leaving. It’s doubtful if any of our city and state leaders have done this math, but it’s shocking.

Mamdani wants to take the top rate up another 2%, if not by the state then by the city, which would mean that our rich neighbor can get a 42% raise.

https://www.zerohedge.com/political/assisted-suicide-lofty-state-and-local-taxes