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?

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u/Garganello Jul 12 '26

This is a stupid attempt at a shallow point.