Tax accountants and lawyers detail the arduous process wealthy New Yorkers would have to face to avoid paying New York State and city taxes. Source: New York Times
Posts published in “Income Tax”
Mamdani Wants to Tax the Rich. Can He Persuade State Leaders?
By Gotham Rex on November 6, 2025
After an impressive victory, Mayor-elect Zohran Mamdani now must find funds for his programs. His push for higher taxes puts Gov. Kathy Hochul, who faces a re-election fight, in a tough spot. Source: New York Times
The Wealth Tax Plan That’s Roiling New York and French Politics
By Gotham Rex on September 15, 2025
Endorsed by Zohran Mamdani and criticized by business leaders, the idea involves hitting millionaires with a stiff levy. Source: New York Times
The Pandemic Flight of Wealthy New Yorkers Was a Once-in-a-Century Shock
By Gotham Rex on June 28, 2022
New tax data reveal a steep population loss in 2020, toward the start of the pandemic. The exodus was temporary, but how much of its effects could be permanent? Source: New York Times
Supreme Court Won’t Hear Case on Limit to State and Local Tax Deductions
By Gotham Rex on April 18, 2022
New York and three other states had argued that the so-called SALT cap imposed as part of a sweeping tax law in 2017 infringed on their sovereignty. Source: New York Times
Trump Organization and Allen Weisselberg Seek Dismissal of Fraud Charges
By Gotham Rex on February 22, 2022
In court papers, the former president’s family business and Allen Weisselberg, its longtime chief financial officer, called the case against them politically motivated. Source: New York Times
Trump Organization Indictment: What We Know
By Gotham Rex on July 1, 2021
Charges against the former president’s company and a top executive, explained. Source: New York Times
Top Trump Executive Allen Weisselberg Surrenders to Face Charges
By Gotham Rex on July 1, 2021
The Trump Organization and Mr. Weisselberg have been indicted in connection with a tax investigation and are expected to appear in court later Thursday. Source: New York Times
Weisselberg, ‘Soldier’ for Trump, Faces Charges and Test of His Loyalty
By Gotham Rex on June 30, 2021
The Trump Organization executive is expected to be charged on Thursday, along with the company, as he comes under increasing pressure to turn on the family. Source: New York Times
Trump Organization Lawyers Meet With Manhattan Prosecutors
By Gotham Rex on June 28, 2021
An indictment against the business, the Trump Organization, and a top executive, Allen Weisselberg, could come as soon as this week in Manhattan. Source: New York Times
New York Is Taxing the Rich. Here’s Who Made That Happen.
By Gotham Rex on April 9, 2021
A budget that spends on education, homelessness and undocumented immigrants is the product of years of progressive politics, not a governor looking for a diversion. Source: New York Times
What N.Y. State’s Budget Means
By Gotham Rex on April 7, 2021
Gov. Andrew Cuomo and the Legislature have agreed on a budget that will raise taxes on the wealthy and help those devastated by the pandemic. Source: New York Times
NY Reaches Deal on $212 Billion Budget to Jump-Start Economic Recovery
By Gotham Rex on April 6, 2021
Gov. Andrew M. Cuomo and the Legislature have agreed to raise taxes on the wealthy and give aid to renters, businesses and undocumented immigrants. Source: New York Times
New York State Is Set to Raise Taxes on Those Earning Over $1 Million
By Gotham Rex on April 5, 2021
The deal, a sign of Gov. Andrew Cuomo’s weakened influence, would mean wealthy New York City residents would pay the highest combined local tax rate in the nation. Source: New York Times
Trump Taxes: Here's What's Next in the Manhattan D.A.'s Investigation
By Gotham Rex on February 22, 2021
A Supreme Court ruling has paved the way for prosecutors to begin combing through Mr. Trump’s financial records. Source: New York Times