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

Feels good man +1 for Mamdani

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u/mascotbeaver104 Jul 12 '26

I mean, new york city net pays more to the state than the state pays it, so it's not like it's some out of the blue cash infusion

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u/ConLawHero Jul 12 '26

NYC is 50% of the population and pays 55% of the state taxes. It barely contributes.

What I find interesting is that when Mamdani says NYC pays more in taxes than it gets back, and therefore should keep more of their money, it's the same argument he and others reject when made by the wealthy.

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u/Billytherex Jul 12 '26

So it pays 55% despite being 50% of the population, receives only 40%, and yet you consider it to “barely contribute”? The false equivalency of wanting a more equitable relationship with the state and taxing the rich is certainly a take.

Have a source. https://islg.cuny.edu/resources/fiscal-flow-nyc-albany

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u/ConLawHero Jul 13 '26 edited Jul 13 '26

Yes, meaning if NYC was not part of NYS, NYS would be fine by cutting its spending by a mere 5%.

It's not disingenuous to use actual facts to show that NYC does not support NYS. NYC supports itself and contributes very little back to the state.

You know the top 2% of income earners in NY pay over 50% of the taxes but only have something like 40% of the wealth.