Booker Warlick: Have you ever heard of a thing called births? its happens every once in a while when a liberal forgets to abort their mistakes Out of the top 15 I only see 6 liberal cities. lets go thought the liberal cities shall we NYC Has 8 million people so For Houston a City 1/4 the size of NYC to have double the population growth tells me something LA- Iilligals and their kids NEXT Denver- People fleaing LA like to mover here and distroy it just like they did LA Washington DC- You need to higher lots of people to spend all that money Obama is wasting. San Jose- well even liberals cant distroy all the tax cheating wealth Google and Apple provide the region can they Seattle- More People from California fleeing to a liberal meca, hows that unemployment doing up there?...Show more
Ruby Martis: New York state taxes Incometax rates Income brackets Personal exemption Federal Tax deduction State sales tax Low High # of brackets Low High Single Married Child 4.0% 7.7%! 7 $8,000* $500,000* $0 $0 $1,000 None 4% + local levies *Income brackets are for single filers; double for joint returns.**Exemptions are allowed only for dependents. $ Personal income tax • New York residents must file Form IT-201 (Resident Income Tax Return) by April 17. • Both full and part-time New York residents may obtain downloadable income tax forms from the New York Department of Taxation and Finance's Web site. • The state's Innocent Spouse tax law makes it easier for a spouse to be relieved from an income tax liability related to a tax delinquent husband or wife (or former spouse). • For 2005 returns, certain rates within the New York State and City of New York tax rate schedules have been reduced. Check the appropriate tax tables for details. • The state's earned income credit has increased to 30 percent of the federal credit. The credit helps taxpayers offset increases in living expenses and Social Security taxes, reduces taxes owed and in some case! s can even provide a refund to filers who do not owe any tax. ! File Form IT-215, Claim for Earned Income Credit. • New York State and New York City income tax surcharges applicable to higher income taxpayers expired on Jan. 1, 2006. See Form IT-2104 to ensure that the correct amount of tax is withheld from your 2006 paycheck. $ Sales tax • New York's additional 0.25 percent sales and use tax rate expired on June 1, 2005, lowering the state's tax rate to 4 percent. • Local rates vary, meaning the combined sales tax rate could be more than 8 percent in some areas. Details on New York state sales taxes can be found in Publication 750. - advertisement - $ Personal and real property taxes • Real property in New York is taxed based on its value. Counties, cities, towns, villages, school districts, and special districts each raise money through the real property tax to pay for local services. The amount of a particular property's tax bill is determined by the property's taxable assessment and the tax rates of the taxing jurisdict! ions in which the property is located. • New York State law provides that every property in most municipalities be assessed at a uniform percentage of value. That percentage can be 5 percent, 10 percent, 50 percent or any other percentage not exceeding 100 percent. It does not matter what percentage is used, but that every property is assessed at the same uniform percentage within one assessing unit. • The STAR (School Tax Relief) program is a partial exemption from school property taxes for owner-occupied primary residences. STAR works by exempting the first $30,000 of the full value of their homes from school taxes. The Enhanced STAR exemption is available for the primary residences of senior citizens (age 65 and older) with yearly household incomes not exceeding the statewide standard. • To apply for STAR, contact your local property assessor or call 1-888-NY-STAR-5 to obtain the phone number for your local property assessor. The application form is RP-425. Residen! ts may download an application or renewal application. • New York re! sidents may also be eligible to claim the Real Property Tax Credit for Homeowners and Renters. Applicants must file Form IT-214. $ Intangible personal property taxes • New York does not assess tax on intangible personal property. $ Inheritance and estate taxes • New York has no inheritance tax. • New York decided to discontinue its estate tax's link to the federal estate tax, which is being phased out. This means that New York estate tax liability will generally exceed the allowable federal credit for state death taxes. • For deaths on or after Jan. 1, 2004, the estate must file a New York state estate tax return if the total of the federal gross estate exceeds $1 million. • For more information, visit the Web site of the New York Department of Taxation and Finance or call Taxpayer Assistance at 1-800-225-5829. New York also offers a Fax-On-Demand Phone Service at 1-800-748-3676, in which residents may have tax forms and instructions faxed directly to them 24 hour! s a day, seven days a week. To download tax forms on this site, you will need to install a free copy of Adobe Acrobat Reader. Click here for instructions....Show more
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