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NYC's ultra-rich to face 52% combined income tax rates, highest in U.S.

NYC's ultra-rich to face 52% combined income tax rates, highest in U.S.

© Credit: CBSNews ctm-1011-empire-state-building.jpg New York City's ultra-high earners will soon have to pay a top marginal income tax rate of nearly 52%, the highest personal income tax hit in the U.S. That means — in theory, at least — that some of the city's wealthiest residents could end up giving more...

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CBSNews NYC New York New York City U.S U.S.

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