Taxes

The Big Apple Bite

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As someone who used to live in New York City and now lives in Dallas, I am not surprised that the former ranks first and the latter last in a recent analysis of tax burdens in the nine U.S. cities with populations exceeeding 1 million. But I am surprised by the magnitude of the difference: New Yorkers pay, on average, $9.02 per $100 of gross taxable resources, while Dallasites (Dallasians?) pay $5.20. (I was also surprised that only nine U.S. cities have populations over 1 million, but that's another story.) The numbers include state and local income, property, and sales taxes.

The full text of the analysis, prepared by the New York City Independent Budget Office, is available here.