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[QUOTE="NJHusky, post: 3676706, member: 114"] What the wealthy are good at is making/keeping money. What Cuomo/DiBlasio fail to realize is that for many/most people that live/work in NYC, this has proven they don't need to stay there. They can live anywhere and come to NY when they want. The city/state combined max rate is 12.7% i believe. How much higher do they want it go? 15% Someone making 1M can save 125-150k (without investment income)/ year by moving to Miami...That's a lot of plane flights to NY. David Tepper moving to FL cost NJ 140 million in tax revenue/year...let's see how many NY hedge funds are still in NY in 2022 if they go forward with a tax increase. The people that will get screwed are those that make good money but not enough to be location agnostic [/QUOTE]
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