Provide a summary on nyc income tax rates

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Reference no: EM133092705

NYC residents pay some of the nation's highest local income tax rates.

The Independent Democratic Conference in the state Senate is calling for the elimination of New York City's income tax on residents who make less than $50,000.

Do some research and provide a summary on NYC's income tax rates in general and the call for the elimination specifically.

Your personal opinion and/or observations on this issue are also required.

Reference no: EM133092705

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