nyc 1% top taxpayer share of the total city tax?

In 2020, the top 1% of taxpayers in New York City, those with incomes over roughly $500,000, paid about 49.2% of the city’s personal income taxes. However, personal income taxes make up only around 22% of the city’s total tax revenue, which includes property, sales, and other taxes. While precise data on the top 1%’s share of total city tax revenue isn’t explicitly detailed in available sources, their contribution to non-income tax categories like property and business taxes is significa…