If you live in (or are considering moving to) New York, consider how New York state tax could impact your overall financial burden. New York is known for its high cost of living, and the tax burden plays a significant role in what it costs New Yorkers to live there.
Overall, New York's income tax rates, property taxes, and sales tax make it one of the highest-taxed states in the U.S., but it is not without its perks.
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New York state tax: Income taxes
| Header Cell - Column 0 | Header Cell - Column 1 |
|---|---|
| $8,500 or less | 4% of taxable income |
| $8,501 to $11,700 | $340 plus 4.5% of income over $8,500 |
| $11,701 to $13,900 | $484 plus 5.25% of income over $11,700 |
| $13,901 to $80,650 | $600 plus 5.85% of income over $13,900 |
| $80,651 to $215,400 | $4,504 plus 6.25% of income over $80,650 |
| $215,401 to $1,077,550 | $12,926 plus 6.85% of income over $215,400 |
| $1,077,551 to $5,000,000 | $71,984 plus 9.65% of income over $1,077,550 |
| $5,000,001 to $25,000,000 | $450,500 plus 10.3% of income over $5,000,000 |
| More than $25,000,000 | $2,510,500 plus 10.9% of income over $25,000,000 |
| Row 0 - Cell 0 | Row 0 - Cell 1 |
| $17,150 or less | 4% of taxable income |
| $17,151 to $23,600 | $686 plus 4.5% of income over $17,150 |
| $23,601 to $27,900 | $976 plus 5.25% of income over $23,600 |
| $27,901 to $161,550 | $1,202 plus 5.85% of income over $27,900 |
| $161,551 to $323,200 | $9,021 plus 6.25% of income over $161,550 |
| $323,201 to $2,155,350 | $19,124 plus 6.85% of income over $323,200 |
| $2,155,351 to $5,000,000 | $144,626 plus 9.65% of income over $2,155,350 |
| $5,000,001 to $25,000,000 | $419,135 plus 10.3% of income over $5,000,000 |
| More than $25,000,000 | $2,479,135 plus 10.9% of income over $25,000,000 |
| Row 0 - Cell 0 | Row 0 - Cell 1 |
| $12,800 or less | 4% of taxable income |
| $12,801 to $17,650 | $512 plus 4.5% of income over $12,800 |
| $17,651 to $20,900 | $730 plus 5.25% of income over $17,650 |
| $20,901 to $107,650 | $901 plus 5.85% of income over $20,900 |
| $107,651 to $269,300 | $5,976 plus 6.25% of income over $107,650 |
| $269,301 to $1,616,450 | $16,079 plus 6.85% of income over $269,300 |
| $1,616,451 to $5,000,000 | $108,359 plus 9.65% of income over $1,616,450 |
| $5,000,001 to $25,000,000 | $434,871 plus 10.3% of income over $5,000,000 |
| More than $25,000,000 | $2,494,871 plus 10.9% of income over $25,000,000 |
New York sales tax
How much are property taxes in New York?
New York gas taxes (motor fuel)
New York alcohol and tobacco taxes
| Cigarettes and little cigars | $5.35 per pack ($6.85 in NYC) |
| Snuff | $2 per ounce ($2 for single container if under 1 ounce) |
| Cigars | 75% of wholesale price |
| Vapor products | 20% of retail price |
| Beer | $0.14 per gallon (additional $0.12 in NYC) |
| Wine | $30 per gallon |
| Liquor (more than 24% alcohol by volume) | $6.44 per gallon (additional $1 per gallon in NYC) |
| Liquor (under 24% alcohol by volume) | $2.54 per gallon |
| Marijuana | 13% for personal use |
New York estate and inheritance taxes
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