Of that 78K how many were high earners? These high earners effectively finance the NYC city government. I don’t remember the raw number now but its surprisingly small given the city’s population size. Truly a situation where you have a single emaciated horse pulling several full wagonloads of freeloaders.
Correct, ONE CEO living in a penthouse on Park Ave pays more taxes to NYC than a 1000 residents at the poorer end of the scale.
I’m leaving at the end of the month. Already have my one way ticket. Been working at the same place for 23 years and my salary had steadily climbed to $250k/yr. The company has been shrinking the workforce through attrition so that’s a bit of tax revenue leaving with me.
I used to love this city and could just about take all the new hassles that were introduced each year (like what bike lanes and “open streets” where they closed streets off to cars did to traffic, reducing speed limits and installing ticket cameras, etc), but the crap they pulled with Covid was the last straw. Made my exit strategy and will escape in 17 days.
Which, is the reason why they keep bringing in the illegals. So, they can count them and not lose Reps.
It would be hilarious if someone like AOC got booted out because her district changed.
Bloomberg once stated that the richest 40,000 residents Paid 50% of the taxes in NYC.