escape_from_NYC - 3.648% Sales tax in New York City 8.875%...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
So you want to be successful in New York City (or why tax refugees are staging an escape from New York & NYC) Tax Up to…. Federal income tax 35% FICA or self-employment taxes 7.65 % or 15.3% New York state income tax 8.97% New York City income tax
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 3.648% Sales tax in New York City 8.875% Note: Over the last 5 + years New York lost 1.5M residents. The vast majority (1.1M) were from NYC, meaning nearly one out of seven city taxpayers moved out....
View Full Document

This note was uploaded on 09/09/2011 for the course TAX 6845 taught by Professor Kelliher,c during the Fall '08 term at University of Central Florida.

Ask a homework question - tutors are online