Research Special Topics

What the Tax Plan Means for New Yorkers

February 2018


Research from the Partnership for New York City shows the federal tax plan increases the tax disparity between New York and other states.


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%.


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.