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New York Assembly Democrats propose higher tax rates for wealthy

With New York's millionaires' tax set to expire this year, state Assembly Democrats are proposing a tax increase for multi-millionaires. Under the Democrats' plan, the current tax rate structure would remain the same for those earning below $1 million. For individuals with incomes of $1 million to $5 million, the tax rate would be 8.82 percent.

The Citizen:
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