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. So yes, You could raise the state tax to 11.5 and the Jersey tax to 11.5, but then you have another 12% of city taxes that you're adding on. which you have failed to mention. So it would actually be double the rate of New Jersey. And then ask corporations, do you want to stay in New York or do you want to save taxes? (15:02–15:17)
CLAIM
Asserts that New York City has an additional 12% corporate tax on top of the state tax.
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