wealth and taxation with his proposal to impose a 2% income

New York City’s newly elected mayor, Zohran Mamdani, has reignited a long-standing debate on wealth and taxation with his proposal to impose a 2% income tax increase on New Yorkers earning over $1 million annually. The plan dubbed the “millionaire tax” is part of a broader progressive agenda aimed at reducing inequality and funding key social initiatives, including free city bus services and a rent freeze across the five boroughs.
 

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https://economictimes.indiatimes.com/news/international/us/zohran-mamdani-millionaire-tax-what-is-it-and-will-it-push-wealthy-out-of-new-york-city/articleshow/125159958.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst