REBUILD NEW YORK STATE.
COVID-19 has made deep societal inequities even worse.
WHILE NEW YORK LOST MORE THAN THREE MILLION JOBS,
THE ULTRAWEALTHY ARE GETTING EVEN RICHER.
Over $81 Billion
- 32 Billionaires saw their wealth go up by 10% or more.
- 141 New York billionaires have grown their total wealth to over $600 billion.
- The richest New Yorker, Mike Bloomberg, saw his wealth rise by 6.8 billion during the pandemic.
MIDDLE-CLASS AND LOW-INCOME NEW YORKERS PAY HIGHER TAX RATES THAN BILLIONAIRES & MULTI-MILLIONAIRES.
Top 1% pays less than low-income and middle-class
New York is 44th in the nation in tax fairness
Billionaire wealth up 1,130% from 1990–2020
Billionaire taxes down 79% from 1980–2018
Total State and Local Taxes in New York as a Share of Family Income
FAIR TAXES ADDRESS EXTREME INCOME INEQUALITY
Average annual income of the top .01%
Average annual income of the top 1%
Average annual income of everyone else
(the bottom 99%)
Learn More - Watch Ron Deutsch from the NYS ALF-CIO explain the issues:
Join us as we fight to save our state. Our ultrawealthy must pay their fair share.