New Bill Would Raise Capital Gains Tax on Wealthy New Yorkers
January 23, 2023 by Allison Bell
A New York state legislator wants high-income, high-net-worth state residents to pay more taxes on capital gains.
Sen. Gustavo Rivera, D-N.Y., introduced S. 2162 Thursday. The bill that would impose an additional state income tax ranging from 7.5% to 15% on the long-term capital gains of taxpayers with New York state taxable income over a minimum level.