… city, 9% for the city, and you compare it to 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. For us to keep business from fleeing, we've got to start slashing taxes, at least those that a mayor can control. (00:20–00:27)
CLAIM
Asserts that New York City has a personal income tax rate of about 9% and a sales tax rate of 9%.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.