New York State Tax Rate. Your new york state income tax rate depends on your filing status and taxable income. New york state's top marginal income tax rate of 8.82% is one of the highest in the country, but very few taxpayers pay that amount.

New york city residents pay even higher taxes than those living in other parts of the state.

If you fail to file required franchise tax returns or pay the franchise taxes, the new york department of state may dissolve your company by proclamation, if recommended by the new york state tax. Are you wondering what the new york tax rate is? Below, we have highlighted a number of tax rates, ranks, and measures. The first step towards understanding new york's tax code is knowing the basics. State tax is levied by new york on your income each year. This section covers taxes in new york through. The new york (ny) state sales tax rate is currently 4%. For all of the tax. The state applies taxes progressively (as does the federal government), with higher earners paying higher rates. For your 2020 taxes (which you'll file in early. This tax calculator performs as a standalone state tax calculator for new york, it does not take into account federal taxes, medicare decustions et al.