Right now, just from the business perspective, you think about it with The 17 and a half percent corporate tax, when you include the state and city, 9% for the city, is prohibitive to keeping business here. where everybody is fleeing to Florida or Georgia, North Carolina, South Carolina, Texas, Tennessee, it's prohibitive to keeping business here. The personal income tax at about 9% in the city and then 9% of the sales tax. (00:00–00:21)
CLAIM
Asserts that the combined corporate tax rate in New York City is prohibitive for businesses.
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