NOT FOR REPRINT
A Sliver of NYC's Wealthy Has Unusual Rallying Cry: Tax Me More
By
Nacha Cattan
News March 06, 2026 at 01:23 PM
Share & Print
What You Need To Know
- A group that includes an ex-BlackRock managing director says rich residents can afford to pay more into city coffers.
- The city's top 1% accounts for roughly two fifths of the city’s revenue from income tax.
- The group also advocates for raising levies on investment earning and increasing the minimum wage.
Immediate Answers to Critical Tax Questions At Your Fingertips
Keep up with the latest tax rules and regulations with weekly, exclusive updates by our Tax Facts experts.
Get More InformationRecently Added Q&As
Recently Updated Q&As
What is the temporary “senior deduction” deduction for taxpayers age 65 and over?
Get Answer
Recently Updated Q&As
What is the temporary deduction for auto loan interest?
Get Answer
Recently Updated Q&As
What is the temporary deduction for overtime income?
Get Answer
Recently Updated Q&As
What is the temporary deduction for tip income?
Get Answer
Recently Updated Q&As
What is a high deductible health plan for purposes of an HSA?
Get Answer
Recently Updated Q&As
Are remote workers eligible for leave under the Family and Medical Leave Act (FMLA)?
Get Answer
Recently Updated Q&As
Who must file a return?
Get Answer
Recently Updated Q&As
Can a taxpayer deduct business-related transportation expenses incurred when the taxpayer is not travelling away from home on business?
Get Answer