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02/23/2024

Taxing New York's Ultra-Wealthy

Families across New York state are facing an affordability crisis with staggering costs for housing, childcare, and other necessities. New York has the most income inequality in the country and the highest concentration of extreme wealth. Just 0.4% of the state’s population have amassed a combined $6.7 trillion in wealth. Nearly half of that is untaxed investment income.

Published By

Popular Democracy