New York Post
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AOC, socialists target NY’s top 5% with tax hikes, households making more than $250K would be hit
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October 4, 2023
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0:41Now PlayingRep. Alexandria Ocasio-Cortez and her lefty Democratic Socialist comrades aren’t just targeting the 1 percenters anymore.
The New York City congresswoman and her progressive posse are pushing to slam the “top 5%” of New Yorkers with a massive total $15 billion in state income-tax hikes that would hit households making just over $250,000 a year — well below millionaires’ row, an analysis says.
The eye-popping proposed tax increase comes as a new study released Tuesday by Upgraded Points found that New York suffered the largest exodus of wealthy millennials ages 26 to 45 who made more than $200,000 than any other state — a 4.6% reduction, or a net drain, of 27,101 prime-aged taxpaying earners.
That’s more than double the 2.3% loss of affluent millennials in California, according to 2021 tax returns. Among the largest states, Florida had the biggest influx of millennials, a 5.6% jump.
But AOC and the socialist left claim that taxing even lower to mid-six-figure earners is good for New York.
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#alexandriaocasiocortez #tax
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