Cuomo Admits Tax Burden on "the Rich"
By David Henderson
Finally, a major Democratic politician admits it.
[Governor Andrew] Cuomo said the super-wealthy in New York – accounting for 1 percent of tax filers – end up paying 46 percent of the personal income taxes the state collects each year.
“Tax the rich. Tax the rich. Tax the rich. We did that. God forbid the rich leave,” Cuomo said of a mobile group of people who can more easily switch residences to states with lower state and local tax levels.
This is from Tom Precious, “‘Serious as a Heart Attack’: Cuomo Warns of Falling State Revenue,” The Buffalo News, February 4, 2019.