Only problem is it won't be the same The Jersey Corporate rate is 11 and a half. The assemblyman says, well then we should make New York State eleven and a half. New York State is now 7.25. Raise that to eleven and a half. Yes, but what he leaves out is New York City has corporate taxes on top of the state corporate tax. (14:46–14:49)
CLAIM
Asserts that New York State's corporate tax rate is currently 7.25%.
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