Tag Archives: income
Wealthy New Yorkers Are Leaving the City in Bunches, Here’s Where They’re Going
New Yorkers earning between $150,000 and $750,000 fell by almost 6% between 2019 and 2020, according to the NYC Independent Budget Office. The number of real high earners ($750,000+ per year) dropped by nearly 10% in that time. The speculations … Continue reading
Report: New York Has Largest Income Gap in the Country
The Institute on Taxation and Economic Policy released a report this month that the state of New York is home to the highest concentration of wealth, and has the largest gap between rich and poor in the United States. The … Continue reading
Miami Dolphins Receiver Tyreek Hill, Chose Florida over New York to Lower His State Tax Payments, and He Isn’t the Only One
Over the summer, Former Kansas City Chiefs Wide Receiver, Tyreek Hill was traded to the Miami Dolphins and proceeded to sign a $120 million deal with the team. He was extremely close to a deal with the New York … Continue reading
Taxes on What You Earn
There are a seemingly endless amount of taxes the government takes out of your income. However, that isn’t the only thing you are taxed on by the government. Many variables can be taxed depending on what you earn and how … Continue reading
New NY State Property Tax Credit – Don’t Miss Out!
New York has created a property tax credit for homeowners who earn under $250,000 a year and pay over 6% of their income in property taxes. The credit amount will be between $250 and $350 (the maximum) with … Continue reading
Typical Student Dependent Support Issues
- Student Vehicle
- A vehicle’s fair market value is included in the student’s total support and support provided by the student in the year of purchase only if it is registered in the child’s name. In cases where the parents own