Overview
Research from the Partnership for New York City shows the federal tax plan increases the tax disparity between New York and other states.
25%
The average family of four that earns $175,000 will pay 25% of their income in taxes; in Florida the same family will pay 14%.
49%
The top 1% of New York City filers, residents earning over $700,000, account for 49% of all income tax revenues in New York City.