The New York Times

Do Higher Taxes Drive the Rich Away? Mamdani’s Plan Revives the Question.



Mayor Zohran Mamdani wants to raise income taxes on New York City’s millionaires. Tax increases elsewhere have not led to an exodus, but some worry the city is reaching a tipping point.



Source link : https://www.nytimes.com/2026/05/02/upshot/mamdani-tax-the-rich.html

Author : Emma G. Fitzsimmons and Asmaa Elkeurti

Publish date : 2026-05-02 15:20:00

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Tags : The New York Times