[cwhiz]

Taxes are already too high in NYC. A single adult in NYC with a $100k salary has an effective overall tax rate of 31.5%, and 9% of that is city and state.

Trying to raise the rates higher is insane. We have a spending problem, not an income problem.

Not to mention that the timing of this is just absurd. Everything that makes NYC great has been closed for a year. The next mayor wants people to pay more, but won’t commit to reopening the city? Why would the “rich” stay? Why would anyone stay? For the trash, and piss?

[titzer]

In Germany, you'd be paying 42%. You'd get subways, a national rail system, universal healthcare, and college would be free. America doesn't have a "spending" problem, it has a history of mal-investment and neglect. But those F-35s. And nukes! Enough to wipe out most of humanity.

[cwhiz]

Not a spending problem.

Proceeds to list things that we spend and invest unnecessarily on.

We have a subway system in NYC. Run by the MTA. A bloated and incompetent organization that needs a billion dollars to extend a subway line a single mile, and will routinely spend hundreds of millions of dollars on unnecessary bridge painting and other shenanigans.

There’s a reason we don’t have nice things, and it’s not because our taxes are too low.

Edit: It is actually $3.5 billion for a mile.

[dash2]

Those nukes, and associated military spending, prevented all of Germany becoming East Germany.

[prh21]

Person from Germany here. The 42% is the top rate so that on 100 k$ the effective rate would be less than that. Healthcare costs come on top of that. Free college is included.

[iso1631]

$100k is £72k, in the UK you'd be paying 30% (£22k). 36% if you're still paying off your student loan (which would be about 6 years to repay the fees and another 7 to repay the cost of living loans)

UK has nukes too

[csomar]

> But those F-35s. And nukes! Enough to wipe out most of humanity.

Doesn't these F-35 and nukes give the US trade advantage and wealth transfers (aka free money from unstable countries) and thus make it possible for Americans to be that rich?

[stuaxo]

That's a way lower effective rate than ordinary people pay.