New York City fact of the day

The top 1 percent of earners, who make more than $804,000 a year, contributed 41 percent of the city’s personal income taxes in 2019.

About one-third of the people who left moved from Manhattan, and had an average income of $214,300. No other large American county had a similar exodus of wealth.

Here is more from the NYT.

The post New York City fact of the day appeared first on Marginal REVOLUTION.

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