Zohran Mamdani: “1% of New Yorkers income earners make a million dollars or…”

“The first would be to match the state's top corporate tax rate of 7.25% to that of New Jersey, 11.5%. That raises $5 billion just by matching that of our neighbor. The second is by taxing the 1%. That 1% of New Yorkers income earners make a million dollars or more a year. I would increase their taxes by 2%. That's $20,000. So when you say tax the wealthy, it's those making a million or more. Yes, yes. That's about 34,000 households in New York City.” (06:52–06:58)

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