From the “Economic and Revenue Outlook” volume of the 2011-12 Executive Budget, here’s the table showing the distribution of state personal income tax liability and adjusted gross income.

screen-shot-2011-02-10-at-123438-pm-5483130

As usual, the numbers reflect an income tax structure that is effectively quite progressive.  By any measure, the wealthiest New Yorkers pay the lion’s share of the income tax, which accounts for about 60 percent of the state’s tax revenue.

Key takeaways from the 2011 tax year projections:

  • Taxpayers with incomes below $50,000 will make up nearly two-thirds of all filers but are expected to generate less than 4 percent of tax payments.
  • Taxpayers with incomes between $50,000 and $100,000 will make up about 20 percent of all filers but will generate less than 16 percent of tax payments.
  • Those with incomes between $100,000 and $200,000 will comprise less than 11 percent of all taxpayers but will generate more than 19 percent of tax payments.
  • The 4.1 percent of filers earning more than $200,000 are expected to generate 61 percent of income tax payments, and more than half of that amount will come from the one-half of one percent of filers reporting over $1 million in income.

Note, also, that since 2008 there has been a slight increase in the share of tax liability borne by those with incomes between $100,000 and $200,000.  This would reflect natural growth in the number of New Yorkers earning in the low six figures–which, in the New York City metro area, fits squarely into the definition of middle class.  (Public sector salaries over $100,000 are increasingly common downstate, especially among police and teachers.)

About the Author

E.J. McMahon

Edmund J. McMahon is Empire Center's founder and a senior fellow.

Read more by E.J. McMahon

You may also like

Another Hochul To-Do: Timely Financial Reporting

The state will spend a record $212 billion in the current 2022 Fiscal Year, under the budget its elected leaders adopted in April. Read More

Sales Tax Receipts Surge Statewide, Filling Local Government Coffers

Local governments across every region of the state raked in robust sales tax collections during the three months that ended on June 30th Read More

Health Research Inc. Turns Over its Payroll Records Despite Claiming To Be Exempt from FOIL

The full payroll records of more than 2,400 de facto state employees are available to the public for the first time after being released by Health Research Inc. Read More

Emergency Billions Pose Opportunity—and Risk—for NYS Schools

New York schools are to post publicly today plans for spending a huge pile of unexpected and unbudgeted cash. Read More

Remote Threat 

Remote work and a more mobile professional class will increase the speed and scope of New York's ongoing out migration. Read More

New York’s Medicaid Rolls Kept Pace with a Nationwide Surge During the Pandemic

New York's Medicaid and Child Health Plus programs added three-quarters of a million enrollees during the coronavirus pandemic, roughly matching the pace of a national surge in sign-ups. Read More

New York’s Hospital Industry Ranks Near the Bottom of Two Quality Report Cards

New York's hospitals remain near the bottom of two quality report cards. The state's hospitals received the lowest rate of any state except Nevada and DC. Read More

New York’s Medicaid and Public Health Crises Get Short Shrift in the New State Budget

In spite of an ongoing pandemic and spiraling Medicaid costs, New York's health-care system received surprisingly little attention in the new state budget. On issue after issue, law Read More

Subscribe

Sign up to receive updates about Empire Center research, news and events in your email.

CONTACT INFORMATION

Empire Center for Public Policy
30 South Pearl St.
Suite 1210
Albany, NY 12207

Phone: 518-434-3100

General Inquiries: Info@EmpireCenter.org

Press Inquiries: Press@EmpireCenter.org

About

The Empire Center is an independent, non-partisan, non-profit think tank located in Albany, New York. Our mission is to make New York a better place to live and work by promoting public policy reforms grounded in free-market principles, personal responsibility, and the ideals of effective and accountable government.

Empire Center Logo Enjoying our work? Sign up for email alerts on our latest news and research.
Together, we can make New York a better place to live and work!