If you’re earning 500k-2m from your own business/investments, this might be true. If you’re earning that as w2 income (as many of the nyc high earner taxpayers

If you’re earning 500k-2m from your own business/investments, this might be true. If you’re earning that as w2 income (as many of the nyc high earner taxpayers are), then yeah you’re gonna be paying >50% taxes if you live in nyc. Speaking from my own experience.