New York State Income Tax Payments by Place of Residence

Not 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.



Submitted by Bijaya (not verified) on Fri, 04/16/2010 - 5:36am.
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
Submitted by jamessmith (not verified) on Thu, 04/29/2010 - 7:03am.
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 Muscle Building
Submitted by Security Guard Tour (not verified) on Sat, 06/26/2010 - 10:07am.
The Security guard tour is the only way to go these days. Good luck.

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