Record Wall Street earnings bring billions in NY tax revenue: comptroller report
Wall Street finance workers earned record bonuses totaling $49.2 billion in 2025, generating critical tax revenue for New York City and State. The financial sector's profits jumped nearly 30% to top $65 billion last year, with average employee bonuses increasing by 6% to $246,900.
Wall Street finance workers earned record bonuses in 2025. The $49.2 billion in bonuses generated critical tax revenue for New York City and State. The financial sector's profits jumped nearly 30% to $65 billion. Average employee bonuses were $246,900, a 6% increase. The industry supported a record 201,500 jobs in 2024. The state uses Wall Street bonuses to plug holes in its budget.
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