And he was, there were people alleging, well, you don't pay enough taxes. And he said, wait a minute, I pay property taxes. I pay sales taxes. I pay all these other taxes. In a place like New York, you add all that up, and it's a huge percentage of your net income. I mean, we're talking. It might touch 60%, maybe 70%. And that's an enormous take. That's an enormous take. I mean, our founding fathers, when they were talking about taxes, that upset them. They were talking about a 3% tax, 3% tariff. (1:41:47–1:41:57)
CLAIM
Asserts that combined taxes in New York can take up to 60-70% of net income.
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.
