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New York State Income Tax Payments by Place of ResidenceNot long after I mentioned it in a prior post, that data is out for 2007. New York City accounted for 45 percent of the state's income and 47 percent of its income tax payments in 2007. Those figures only include the taxes paid by state residents. New York State income taxes paid by commuters from Connecticut and New Jersey are in addition, and most of those are collected in New York City. New York City received 38.3 percent of New York State school aid that year. New York City's share of the state's income and taxes have probably fallen quite a bit since then, particularly since such a large share of the workers in the rest of the state are public employees and retirees. The city fell from 41.6% of state tax payments in 2000 to 39.4% in 2002, during the last Wall Street meltdown. So, based on who got cut the most in previous recessions, will it share of state school aid, if back door school aid and other gambits are included. New York State Income Tax
New York citizens are depositing 47 percent income tax is a good report,but strict implementation of laws will further enhance the percent.Universal Garage Door Remote
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This annual study provides statistical information on 2007 New York State personal income tax returns that were timely filed during 2008. The data are from full-year resident, full-year nonresident, and part-year resident returns. The report categorizes returns as either taxable or nontaxable depending on the presence or absence of taxable income and income tax liability. Data presented include the distribution of New York adjusted gross income and tax liability by residence and the value of deductions, exemptions, and taxable income by income class
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The report on income tax payment is not bad and it's a good sign for the State incometax department but still then I think it needs some more improvement.Wheat Grinders
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New York citizens are depositing 47 percent income tax.accept credit card report on income tax payment is not bad and it's a good sign for the State income tax department
Thanks for sharing this with all of us. Of course, what a great site and informative posts, I will bookmark this site. keep doing your great job and always gain my support. Thank you for sharing this beautiful articles Very Nice site, I just came to know of it yesterday morning. Bookmarked this and also stumbled upon it. Thanks a lot,You had some nice ideas in the article, I enjoyed reading it It really affects the tax when people are being laid off from their work. A sure big percentage of tax decrease will happen as there are more people who could no longer pay tax. It really creates a big impact to the government and this has triggered them to do some actions or assistance to unemployed to get a job.
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Larry Littlefield..this post is nice nad very informative...please tell me about your previous post..thanks for sharing... Mat 23:23 Woe unto you, scribes and Pharisees, hypocrites! for ye pay tithe of mint and anise and cummin, and have omitted the weightier matters of the law, judgment, mercy, and faith: these ought ye to have done, and not to leave the other undone. It is an interesting piece of information about the woes of an honest tax payers. Thanks for the information.
This is a fantastic article! Thank you very much for sharing this with us! I'll be sure to check back here often! well i dont think thre is a fair in this situation. It is an interesting piece of information about the woes informative post. Thanks!
Half of the state income comes from NY city? Wow, that's huge :) kartepe Yes really interesting post, thanks you very much for shaing it
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It is interesting fact that New York State Income Tax payments are by place of residence. It is aptly pointed that New York City accounted for 45 percent of the state's income and 47 percent of its income tax payments in 2007. Records speak for themselves. thanks. kredyty konsolidacyjne
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Unbeleivable that the city pays almost half of the state taxes. Can we get them to pay all of it?
This is almost typical. This really is shocking in a way, but then again I am not suprised. I agree with grants, they should just pay it all. lol. Anyway, great post. Thanks for this, Larry.
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It is interesting to observe the records pertaining to New York's state income tax payments by place of residence and the share of public employees and retirees and the school aid program. Thanks for the nice inforomation.
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