New Yorkers are Taxed to Death. In his latest brainstorm Governor Cuomo proposes a 14.7 percent levy on the wealthiest New Yorkers. That would be the highest tax rate in the nation. His tax the rich proposal would raise only 1.5 billion more per year. That is no more than 10 percent of the projected 15 billion deficit. Perhaps it should occur to King Andrew that such a move would only drive the state’s most successful citizens elsewhere. They are critical to job creation and philanthropy. Instead of accelerating the exodus, Cuomo needs to cut his own bloated budget and payroll. Painful budgetary decisions need to be made. Stop caving into reckless progressives intent upon socialism and wrecking the Empire State. Be a man and stand up to them. Show some backbone.