de-blasio

de Blasio pushes for "Millionaire's Tax"

• Date: August 7, 2017
• Would increase city income tax rate for those making over $500k from 3.9% to 4.4%
• Expected to be paid by 32,000 NYers
• Expected to raise $700-$800mil annually
  • $500mil for capital costs, $250mil for half-price MetroCard program
• Must pass state legislature
• Source: "Bill de Blasio Will Push for Tax on Wealthy to Fix Subway," The New York Times, August 6, 2017. link
• Tags: de-blasio mta taxes