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

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