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01 February 2012
A notice from New York State that rates have gone down:
In December, Governor Andrew M. Cuomo signed into law new lower personal income tax rates for New York State.
The legislation:
created the lowest tax rates for middle-class New Yorkers in 58 years
reduced the tax rate for at least 4.4 million middle-class taxpayers, resulting in an income tax reduction of $690 million
Income Level * Previous Tax Rate New Tax Rate
$40,001 to $150,000 6.85% 6.45%
$150,001 to $300,000 6.85% 6.65%
$300,001 to $2 million 7.85% - 8.97% 6.85%
Over $2 million 8.97% 8.82%
* Married filing jointly
