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    Slokyl's Avatar
    Slokyl Posts: 1, Reputation: 1
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    #1

    Sep 2, 2010, 11:43 AM
    I am thinking of moving to NYC for a job and living in New York City. Can you tell mo
    I will be moving to NYC for my first job out of college. Can you tell me the rate of all the state and local taxes I would have to pay. My salary is only 40k.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
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    #2

    Sep 2, 2010, 11:53 AM

    Living in NY State, especially NYC can be expensive taxwise. But salaries are generally higher because of that. You don't have to live in the city.
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
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    #3

    Sep 2, 2010, 12:03 PM

    The NY State tax is about 6.85%, and the NY City resident tax rate is about an additional 3.6%. You only have to pay the NYC resident tax if you live in the city (or Yonkers) - that's one reason why a lot of people commute.
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