Andrew Cuomo, the disgraced former New York governor, is plotting his political comeback and wants to be the next Mayor of New York.  Yesterday he told Bloomberg Radio:

“You elect a socialist who tries to give everything away free, doubles the taxes on the wealthy, and the wealthy say, ‘That’s it I’m gone.”

He’s of course right that high income taxes are chasing the wealthy out of the city and the state.  But who raised them in the first place?  Let’s recap Cuomo’s 2021 tax hikes:

• • • The top state income tax rate for high-income earners was increased. Individuals making over $1 million per year and couples making over $2 million per year saw their income tax rate increase to 9.65% from 8.82%.
    • A New York City resident with over $25 million in taxable income was subject to the highest combined New York State and New York City income tax rate in the country (14.776%).
    • The corporate income tax rate increased from 6.5% to 7.25% for taxpayers with a business income base over $5 million.
    • The business capital base tax, which was set to expire in 2021, was reinstated and extended for three years.

New Yorkers accelerated their escape to Florida to escape Cuomo’s taxes (and his COVID lockdowns).  Here are the Census estimates:

Here’s what’s really scary and how messed up things are in New York. Cuomo is probably LESS crazy than his socialist opponent.