At a hearing in Albany last week, New York City Mayor Zohran Mamdani lobbied state lawmakers to help him balance the city's finances with a two-percentage-point hike in the city's income tax on people making over $1 mi Read More
Tag: IRS
Despite the robust growth of state revenues in recent years, many of New York's elected officials are pushing to further increase the tax burden on the state's residents and businesses. Read More
A record high number of federal income tax filers and their dependents moved from New York to other states from 2019 to 2020, and the average incomes of Empire State out-migrants topped $100,000 for the first time, according to newly released (IRS). Read More