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58% New York City Tax Rate

Topic closed. 4 replies. Last post 7 years ago by Redsquash.

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United States
Member #34931
March 9, 2006
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Posted: July 16, 2009, 12:57 pm - IP Logged

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's avatar - ProfilePho
    adelaide sa
    Australia
    Member #37136
    April 11, 2006
    3301 Posts
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    Posted: July 16, 2009, 11:00 pm - IP Logged

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

    2014 = -1016; 2015= -1409; 2016 JAN = -106; FEB= -81; MAR= -131; APR= - 87: MAY= -91; JUN= -39; JUL=-134; AUG= -124; SEP = -123; OCT= -84  NOV=- 73 TOT= -3498

    keno historic = -2291 ; 2015= -603; 2016= JAN=-32, FEB= +12 , MAR= -86, APR = -77. MAY= -48, JUN= -29, JUL=-71; AUG = -52; SEPT= -43; OCT = +56 NOV = -33 TOT= -3297

      TheGameGrl's avatar - character catafly.jpg
      A long and winding road
      United States
      Member #17084
      June 10, 2005
      4533 Posts
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      Posted: July 17, 2009, 12:17 am - IP Logged

      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....

      ~~Is it true, Is it kind,Is it necessary. ~~~

      christmas holly jolly numbers: 255,303,6911, 474,477 silver:47,gold:79.

        savagegoose's avatar - ProfilePho
        adelaide sa
        Australia
        Member #37136
        April 11, 2006
        3301 Posts
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        Posted: July 17, 2009, 9:48 am - IP Logged

        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.

        2014 = -1016; 2015= -1409; 2016 JAN = -106; FEB= -81; MAR= -131; APR= - 87: MAY= -91; JUN= -39; JUL=-134; AUG= -124; SEP = -123; OCT= -84  NOV=- 73 TOT= -3498

        keno historic = -2291 ; 2015= -603; 2016= JAN=-32, FEB= +12 , MAR= -86, APR = -77. MAY= -48, JUN= -29, JUL=-71; AUG = -52; SEPT= -43; OCT = +56 NOV = -33 TOT= -3297

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          United States
          Member #76285
          June 23, 2009
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          Posted: July 19, 2009, 10:40 am - IP Logged

          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.