Taxes
The Richest New Yorkers Could Be Hit With a Top Tax Rate of Over 50%
Governor Andrew Cuomo and lawmakers are targeting wealthy residents just as some of them consider relocating permanently to low-tax locations.
Andrew Cuomo
Photographer: Jeenah Moon/BloombergThis article is for subscribers only.
New York Governor Andrew Cuomo practically begged the rich to return to the city last year.
“‘We’ll go to dinner, I’ll buy you a drink, come over, I’ll cook,’” he said in August.