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| - A huge plurality of the Fortune 500 companies were headquartered in New York, companies such as U.S. Steel, Philip Morris, etc.Well, the goods" left in the 1960s and 1970s, moving their headquarters outside of the city, leaving behind firms in a much smaller number of industries: finance, media, law, etc.New York also imposed a city income tax in the post-World War II period, adding to the state
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