NY Democrats propose raising personal income taxes for wealthy residents

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NY Democrats propose raising personal income taxes for wealthy residents
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The proposal would impact residents earning between $5 million and $25 million annually.

Get ready for April 8 by checking out our Total Solar Eclipse page, with everything you need to know for the big day!FILE - A maintenance worker cleans a sign outside the New York state Capitol as Assembly members return Tuesday, June 20, 2023, in Albany, N.Y. Democrats in the New York State Legislature proposed this week raising personal income taxes for wealthy residents., residents earning between $5 million and $25 million annually would incur a 10.

“I am proud that once again the Senate is offering a one-house budget that provides a thoughtful, responsible alternative to the executive’s proposal,” Sen. Krueger. “The Senate is laying out a vision of a New York that provides for hard-working families and makes the investments we need to preserve our gains and create shared prosperity for all New Yorkers well into the future.”

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