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.