thegreekdog wrote:Here's what a person living in New York City (let's say she is a stock broker) and making over $200,000 per year pays in personal income taxes (based on tax rates).
- Income = $200,000
- US federal - Your tax is $41,754 + 33% of the amount over $171,550 ($9,389) = $51,143
- New York state personal income tax - Your tax is $13,303 plus 7.85% of the excess over $200,000 = $13,303
- New York city personal income tax - Your tax is $3,071 plus 3.648% of the excess of $90,000 ($4,013) = $7,084
- Social security tax - 6.2% on the first $106,800 of taxable earnings = $6,622
- Medicare tax - 1.45% on an employee's wages = $2,900
- Total tax = $81,052
Are there any sales taxes in NY? How about toll roads? gas taxes? textile taxes? and driving fees/tabs/permits/licenses? prepared food taxes?
I bet it comes out more like 105k
here are some others, not directly related, but some of them most certainly are (since prices for goods go up to make up for lost capital that is taken by the gov't/looter class)
Tax Types & Descriptions
Blue Bullet Point GraphicBanking Corporation Tax (BCT)
A tax on banking corporations, commercial and savings banks, savings and loan associations, bank holding companies, and trust companies. Certain subsidiaries of banks that are owned by a bank or bank holding company are also taxed.
Blue Bullet Point GraphicCigarette Tax
A tax paid by an agent or distributor and passed onto the cost of each pack of cigarettes.
Blue Bullet Point GraphicCommercial Motor Vehicle Tax (CMVT)
A tax on non-passenger motor vehicles principally used in New York City or by a business conducted in NYC. Motor vehicles used regularly in NYC for passenger transportation are also taxed.
Blue Bullet Point GraphicCommercial Rent Tax (CRT)
A tax charged to commercial tenants who occupy or use a premise for commercial activity in Manhattan, south of 96th Street.
Blue Bullet Point GraphicE-911 Surcharge for wireless phone and internet voice communication services
A fee used to improve the public safety communications network.
Blue Bullet Point GraphicGeneral Corporation Tax (GCT)
A tax on corporations that have business activities, employ capital, own or lease property or maintain an office in New York City.
Blue Bullet Point GraphicHorse Race Admissions Tax
A tax on Horse Racing admissions.
Blue Bullet Point GraphicHotel Room Occupancy Tax
A tax on guests who occupy a hotel, motel, bed-and-breakfast, boardinghouse, or club/apartment room. The tax is based on the cost of the room rent.
Blue Bullet Point GraphicMortgage Recording Tax
A New York City tax charged for mortgages recorded on property in the five boroughs
Blue Bullet Point GraphicReal Property Transfer Tax (RPTT)
An excise tax on the transfer of real property located in New York City.
Blue Bullet Point GraphicRetail Beer, Wine and Liquor License Tax
A tax charged on each retail licensee for selling liquor, wine, or beer within New York City.
Blue Bullet Point GraphicTaxicab License Transfer Tax
A tax charge on every transfer of a taxicab license.
Blue Bullet Point GraphicUnincorporated Business Tax (UBT)
A tax charged to every individual or unincorporated business carrying on a full or partial trade or profession in New York City.
Blue Bullet Point GraphicUtility Tax
A tax on every utility and vendor of utility services doing business in New York City.
NYC Taxes Administered by the State
New York State collects the following New York City taxes with Finance:
Blue Bullet Point GraphicMotor Vehicle Use Tax
A tax charged to New York City owners or lessees who garage a motor vehicle in New York City.
Blue Bullet Point GraphicBeer and Liquor Excise Tax
A tax charged to distributors and noncommercial importers of beer and liquor used or sold in New York City.
Blue Bullet Point GraphicSales and Use Tax
A tax on the sale of tangible personal property and certain services.
also
* An "iPod tax" that charges state and local sales tax for "digitally delivered entertainment services" - in other words, that new Beyonce song you download.
* State sales tax at movie theaters, sporting events, taxis, buses, limousines and cable and satellite TV and radio.
* Costlier driving with the repeal of the 8-cents-per-gallon sales tax cap on motor and diesel motor fuel, plus and increase in the auto rental tax.
* Tuition increases at SUNY and CUNY, $620 and $600 a year respectively.
* A 50 cent tax on cigars. The current tax is equal to 37% of the wholesale price, or 34 cents a cigar.
* No more sales tax break on clothes and shoes worth $110 or less, except during two weeks a year.
* Higher taxes on wine, beer and flavored malt beverages. And an 18% tax on non-nutritional drinks like soda.
* The rich would pay more for luxury items through an additional 5% tax imposed on cars costing more than $60,000, aircraft costing more than $500,000, yachts costing at least $200,000 and jewelry and furs costing in excess of $20,000.
* In addition, a host of a fees, including those related to motor vehicle licensing and registration, parks and auto insurance, would go up, as would various state-imposed fines.
