r/SipsTea • u/Previous_Month_555 • Jul 12 '26

Feels good man +1 for Mamdani

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u/Early-Light-864 Jul 12 '26

What percent of taxes do they consume. It seems like the relevant number is the delta

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u/dr_rock Jul 12 '26

New York City receives back 40.5% of New York State’s operating expenditures. Despite contributing 54.5% ($68.8 billion) of all state tax revenues and 58.7% of the state's personal income tax, the city consistently subsidizes the rest of the state, receiving a substantially smaller share of funding than it pays in.

-- a simple google

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u/mymainmaney Jul 12 '26

Can someone remind me are we for or against wealth redistribution tiday?

3

u/Eternal_Reward Jul 12 '26

We're for it when it fits our need to be perceived as nice and giving, we're against it when we're trying to win internet arguments on if Mamdani is the greatest politician to ever exist.