Zohran Mamdani says if he is elected, New Yorkers should expect to give up 52% of their paychecks in taxes to help pay for his radical agenda.
52%. This is CRAZY.
— Derrick Evans (@DerrickEvans4WV) October 16, 2025
BREAKING: Zohran Mamdani now has an 87% chance to be the next NYC Mayor pic.twitter.com/FqYrb3lu7N
— Kalshi (@Kalshi) October 15, 2025
Zohran Mamdani slammed over lack of experience during NYC mayoral debate: ‘He has literally never had a job’ https://t.co/yL6Pdiimt4 pic.twitter.com/bKgwOhahWB
— New York Post (@nypost) October 16, 2025
Is giving up more than half of income fair? New York City mayor discusses how an additional 2% tax on those earning a million dollars or more could improve the quality of life for all.
Funding that agenda will take money—and Mamdani has a plan to raise revenues without tapping the middle class. In addition to bumping up the corporate tax, Mamdani has proposed a 2% tax on what his campaign calls “the wealthiest 1% of New Yorkers—those earning above $1 million annually.” His platform estimates this “millionaire tax” will raise $4 billion annually to help fund projects like universal free early childcare, free bus rides and more affordable housing.
The numbers, Mamdani says, mean that the tax would impact about 34,000 households. “This tiny share of the city population,” he says on his website, “takes home 35 percent of all income earned by New York City residents.”