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The wealthy in NYC pay the top Federal 23.8% LTCG rate, + the top New York State income tax rate (10.9%) + the NYC income tax rate (3.876%) on their long-term c
by twoodfin 5mo ago
The wealthy in NYC pay the top Federal 23.8% LTCG rate, + the top New York State income tax rate (10.9%) + the NYC income tax rate (3.876%) on their long-term capital gains.
- kube-system 5mo agoNot if their second home in NYC is not their primary residence .... and like bezos, has a primary residence in a state where that isn't the case