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Index/Topics/Taxation in New York City

Taxation in New York City

The impact of taxation on New York City's economy and residents, including the potential effects of Zohran Mamdani's tax proposals.

Fact-Checks

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Feb 1, 2026
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Does New York City have a public wealth tax

No — does not currently have a standalone municipal “public ” on residents’ net wealth; what exists instead is a patchwork of , state-level surcharges and active proposals to raise taxes on high earne...