Why does Mamdani want a 50% estate tax? Inside New York’s proposed ‘death tax’ overhaul
New York City Mayor Zohran Mamdani has backed a proposal that could reshape New York’s estate tax system, including raising the top rate to 50 percent and sharply lowering the threshold at which the tax applies. Mamdani’s administration has been exploring several options to generate additional revenue and has sought cooperation from the state legislature … Read more