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The highest earning 1 percent of New York City residents generated 43 percent of city income taxes

From (biased but presumably factual): https://www.empirecenter.org/publications/nycs-high-income-t...

Edit: just trying to add info, not bias the conversation! Maybe also relevant: https://www.visualcapitalist.com/3d-map-the-u-s-cities-with-...

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So that's 43% of 13%, call it 5%. A far cry from 71.

And if I'm not mistaken, the city still gets that money as long as the job is located there anyways.

That’s 1% not the 10% from the original comment

Ok, but it's still out of 13, so maybe we're going for 8?

A common misconception. You don't pay NYC income taxes if you don't live in NYC.

It also stands to reason that other tax receipts will go down if people move away e.g. rents go down -> propery values assessed downwards -> taxes decrease.

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