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Usa: New York towards tax increase, millionaires are feared to escape

2021-04-07T13:16:42.386Z


New York state lawmakers have reached a preliminary agreement to raise taxes on millionaires and give the green light to online gambling. (HANDLE)


New York state lawmakers have reached a preliminary agreement to raise taxes on millionaires and give the green light to online gambling.


    The two measures are part of the $ 212 billion budget to be voted on shortly and immediately arouse controversy.

Many, even among Democrats, fear that the tightening of the tax burden risks triggering a flight of the rich out of the state.

The millionaires of the city of New York will in fact find themselves paying a rate between 13.5% and 14.8%, the highest in America.


    The agreement reached provides for a temporary increase in income taxes for those who earn over 1.1 million to 9.65% from 8.2%, two new rates are also created; those who earn more than 5 million a year will have an income tax of 10.3%, those who earn more than 25 million 10.9%. (HANDLE).


Source: ansa

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