The state tax is 7. The city has a separate corporate tax of about 8. And then you have the MTA tax, which adds on to the 8. Yeah. So it's like You're over 20% of. On the state city corporate tax rate. You're way higher than Jersey. And then his proposal was you raise the corporate rate on corporations all across the state, but you dedicate the revenue, David, To New York City. So you go to the legislature. (17:45–17:55)
CLAIM
Asserts that the combined state and city corporate tax rate in New York exceeds 20%, higher than New Jersey's rate.
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