Research

New York’s Tax Problem

February 9, 2017

Overview

New York’s top personal income tax rates are higher than its domestic and international competitors, and the state tax base has become dangerously dependent on a relatively small number of highly mobile taxpayers.


12.696%

New York City’s combined city and state personal income tax rate is higher than any place in America except California.


42%

The top 1% of New York taxpayers pay 42% of total state income tax revenue.

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© 2025 Partnership for New York City. All rights reserved.
Follow Us
Contact
One Battery Park Plaza
5th Floor
New York, NY 10004

Receive timely reports and information from the Partnership.

© 2025 Partnership for New York City. All rights reserved.