Friday, 27 March 2020

New York State Tax.. how does it work?

Jammie Taddei: The state sales tax is 4%. Every county as well as a few cities have an additonal percentage.Clothing under $110 is not taxed by the state, but can still be taxed by the county or city. So in many counties, clothing is taxed at a lower rate than everything else. Most grocery food, medicines, newspapers and magazines are not taxed.If you're really into it, here is the book that the state publishes for businesses on sales tax.http://www.tax.state.ny.us/pdf/publications/sales/......Show more

Myesha Zerbe: You are referring to the sales tax in NY. There is also an income tax. The sales tax for NYC is composed of:NYS Tax: 4.00%Metro. Commuter tax: 0.375%NYC local sales tax: 4.500%Total sales tax: 8.875%Clothing and shoes under $110 is tax free....Show more

No comments:

Post a Comment