58% New York City Tax RatePrev TopicNext Topic

• gy65

  

  United States
  Member #34,930
  March 9, 2006
  209 Posts
  Offline
  Jul 16, 2009, 12:57 pm

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  If the proposed federal tax rate hikes are approved by congress, New York City (Yonkers) residents would have around a 58% total tax liability on a multi-million lottery jackpot . . 45% + state tax amount for everyone else.

  Approximate percentages:

  39.60 proposed 2010 top federal tax rate

    5.40 proposed federal health care surcharge

    8.97 NY state

    3.65 NY City

      .90 Yonkers
• savagegoose

  

  adelaide sa
  Australia
  Member #37,135
  April 11, 2006
  3,341 Posts
  Offline
  Jul 16, 2009, 11:00 pm

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  stop buying tickets, its only way to hit em where it hurts. in the sack of loot they call a budget.

  " Still swinging, still missing "
  2014 = -1016; 2015= -1409; 2016  = -1171; 2017 = -1257 ; 2018 = - 1380 =  TOT =  - 6233

  keno historic = -2291 ; 2015= -603; 2016= -424; 2017 =-427; 2018= -223   TOT = -3968

  :
• TheGameGrl

  

  A long and winding road
  United States
  Member #17,083
  June 10, 2005
  6,680 Posts
  Offline
  Jul 17, 2009, 12:17 am

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  I would agree that ceasing purchases can hinder some business's. THe Main culprit of the tax is the fed's. PLaying or not playing isnt going to impair the deficit we are in or create any concern.

  As to the Feds- not getting 35 mill from a person isnt going to change their spending habits, otherwise they would have called in all the loans we have made to deadbeat countries....tighten up the antics of military spending.

  Never did quite get the jist of why NYC and its boroughs had to get there hands dirty with taxes....

  Count your smiles.
• savagegoose

  

  adelaide sa
  Australia
  Member #37,135
  April 11, 2006
  3,341 Posts
  Offline
  Jul 17, 2009, 9:48 am

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  yeah im sorry but i kind of get a little angry at someone who didnt chip in for a share taking OVER HALF THE FREEKING JACKPOT. that I win.

  " Still swinging, still missing "
  2014 = -1016; 2015= -1409; 2016  = -1171; 2017 = -1257 ; 2018 = - 1380 =  TOT =  - 6233

  keno historic = -2291 ; 2015= -603; 2016= -424; 2017 =-427; 2018= -223   TOT = -3968

  :
• Redsquash

  

  United States
  Member #76,283
  June 23, 2009
  16 Posts
  Offline
  Jul 19, 2009, 10:40 am

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  In response to gy65

  Quote: Originally posted by gy65 on Jul 16, 2009

  If the proposed federal tax rate hikes are approved by congress, New York City (Yonkers) residents would have around a 58% total tax liability on a multi-million lottery jackpot . . 45% + state tax amount for everyone else.

  Approximate percentages:

  39.60 proposed 2010 top federal tax rate

    5.40 proposed federal health care surcharge

    8.97 NY state

    3.65 NY City

      .90 Yonkers

  ......and when you spend "that" money - you also pay SALES TAX, about 6-8% depending upon the state. All cities dont have City Tax though.