Overview
Research from the Partnership for New York City shows the loss of state and local tax deductibility disproportionately hurts states like New York and California, despite their revenue contribution to the federal government.
$73B
New York state taxpayers claimed $73 billion in state and local tax deductions in 2015, second only to California.
$56B
New York City’s tax revenue contribution to the federal government is $56 billion more than it receives in federal grants and other support.