New York’s Tax Burden Trails Only New Jersey’s
This article is from the archive of The New York Sun before the launch of its new website in 2022. The Sun has neither altered nor updated such articles but will seek to correct any errors, mis-categorizations or other problems introduced during transfer.
New Yorkers bear the second-highest tax burden in America, with the average resident paying more than $6,400 a year in total taxes, according to a new study from the Tax Foundation.
The study, which calculated each state’s combined state and local tax burden and accounted for taxes the average resident paid out-of-state, concluded that only New Jersey has a higher tax burden than New York. New Yorkers are currently forced to devote close to 12% of their yearly income to taxes, according to the study.
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