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Old 07-29-2008, 05:33 AM
 
6 posts, read 19,393 times
Reputation: 10

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Hi

Just so I can budget the move a move to NYC can anybody shed any light on how much I am likely to get taxed on a 65k/year wage.

Basically what is the average ratio of bottom/top line?

Any links to tax information in NY would be very helpful

Regards

Joseph
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Old 07-29-2008, 06:07 AM
 
69 posts, read 267,362 times
Reputation: 20
In my limited experience, I would say 30-35% all-in.

Try to deduct as much as you can pre-tax (401k, benefits, 501, whatever).
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Old 07-29-2008, 07:54 AM
 
Location: Woodside, NY
14 posts, read 46,640 times
Reputation: 13
Check out this link -- it lets you put in your salary, deductions, filing status, etc., and computes your take-home pay.

Payroll-Taxes.com - Paycheck Calculators
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Old 07-29-2008, 08:34 PM
 
Location: Now in Houston!
922 posts, read 3,406,472 times
Reputation: 662
Here is the page with detailed tax rates for NYC Resident income tax:
Personal Income Tax

Rounding the numbers: basically, you pay 3% on the first $12K you earn, then 3.5% over that.
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Old 07-30-2008, 06:58 AM
 
Location: Putnam County, NY
549 posts, read 1,717,787 times
Reputation: 410
Hopefully you have enough to itemize on your federal taxes (try not to buy new work clohes til Jan. 1, lol) rather than take the standard deduction.

State and local taxes are deductible.
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Old 08-01-2008, 07:43 PM
 
Location: East Village, NYC
217 posts, read 816,663 times
Reputation: 94
Income taxes here are not high, just like UpstatrinBrklyn says. But you are paying Federal, State, City, Social Security, Medicare and possibly other taxes. Work hard and make more money, that's all!
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Old 08-01-2008, 08:25 PM
 
Location: Queens
536 posts, read 2,091,831 times
Reputation: 166
The NYC resident tax is a very small chunk compared to what you pay to the feds and the state.
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