Zohran Mamdani: “The second tax that we would raise is on the personal income…”

“New York has one of 7.25%. If you just match New Jersey, that raises $5 billion a year that pays for free buses seven, eight times over. The second tax that we would raise is on the personal income tax of the top 1% of New Yorkers. These are New Yorkers who make a million dollars a year or more. And right now, if you're a New Yorker and you're making $60,000 a year or you're making $60 million a year, you pay the same New York City income tax.” (02:33–02:40)

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.