New York

Start spreadin' the news, I'm leavin' today
I want to be a part of it
New York, New York
I wanna to wake up, in a city that doesn't sleep
And find I'm king of the hill
Top of the heap
If I can make it there, I'll make it anywhere
It's up to you, New York, New York

(Theme From) New York, New York, John Kander circa 1977

New York's state and local governments rely on three primary forms of revenue: income, property, and sales taxes. Understanding how those taxes are levied is critical to informed discussions about the State and Local Tax Deduction, changes to the state’s income tax laws, closing the Internet sales tax loophole, and trying to find ways to reduce New York State’s reliance on property taxes to pay its bills at the state level.

New York City has what may be the most diversified tax structure of any government in the U.S. with a mixture of income taxes both on individuals and businesses, property and other real estate taxes, and sales tax.

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