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Tax rate Single Head of household
10% $0 to $9,275 $0 to $13,250
15% $9,276 to $37,650 $13,251 to $50,400
25% $37,651 to $91,150 $50,401 to $130,150
28% $91,151 to $190,150 $130,151 to $210,800
33% $190,151 to $413,350 $210,801 to $413,350
35% $413,351 to $415,050 $413,351 to $441,000
39.6% $415,051 or more $441,001 or more
Tax rate Married filing jointly or qualifying widow Married filing separately
10% $0 to $18,550 $0 to $9,275
15% $18,551 to $75,300 $9,276 to $37,650
25% $75,301 to $151,900 $37,651 to $75,950
28% $151,901 to $231,450 $75,951 to $115,725
33% $231,451 to $413,350 $115,726 to $206,675
35% $413,351 to $466,950 $206,676 to $233,475
39.6% $466,951 or more $233,47
To be in the SECOND highest bracket you need to be making $400K or above.
Sorry to inform..... Taxes ,taxes , taxes killed Long Island a long long time ago.
Just ask all the retirees that were once living on Long Island where they are living now.
True, taxes, taxes, taxes degraded LI a long time ago. But thanks to that evil place many LI'ers diss, "the city," r.e. is doing fine. As long as people come here from Bklyn and Queens to buy our houses, LI will remain above water.
LI's prosperity depends heavily on NY's job market. If that declines, LI will take a fatal blow.
Edited to add: I doubt a tax law change would impact the r.e. market all that much. It amounts to just another drip eroding the quality of life here. Or another straw before the camel's back breaks. A region doesn't decline irreparably over any one thing.
Last edited by manekeniko; 11-07-2017 at 01:05 PM..
True, taxes, taxes, taxes degraded LI a long time ago. But thanks to that evil place many LI'ers diss, "the city," r.e. is doing fine. As long as people come here from Bklyn and Queens to buy our houses, LI will remain above water.
LI's prosperity depends heavily on NY's job market. If that declines, LI will take a fatal blow.
Well said. You can see the trend in service industry % of jobs. LI has the highest in NY State, even more than Westchester.
What is eroding is quality of life. Instead of a 30 minute drive to a job in Hauppauge or Melville, it's now a 60+ minute commute via the LIRR which is subject to delays and cancellations. Plus the expense and stress of it all.
Those who get fed up leave, only to be replaced by people who already commute 30 minutes on the subway and are willing to go a bit further for a backyard.
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