Cuomo To Hit Richest New Yorkers With Top Tax Rate Over 50%, More Than Most Europeans Pay by Tyler Durden Wednesday, Apr 07, 2021 - 03:30 PM That giant sucking sound is the richest New Yorkers - tired of virtue signaling in a city that is about to tax them as much as Europe's socialist paradise - packing up their belongings and bailing for Palm Beach. Why? Because days after we reported that New York Millionaires are about to be slapped with the highest income tax in the country, surpassing even the liberal utopia that is California, we now have some more details on what will likely be a 50% tax on the richest New Yorkers.