Cuomo proposal would raise top tax rate for New York City to 14.7%, highest combined rate in nation – CNBC

FINANCE

Lev Radin/Pacific Press/LightRocket via Getty Images

The state would raise the top tax rate to 10.86%, up from 8.82%, Cuomo said. That would yield a top rate of 14.7% for the wealthiest New York City residents in combined taxes.

« [It] would be the highest income tax in the nation, » Cuomo said.

This is a developing story. Please check back for updates.

Laisser un commentaire