Key Facts

• New York residents paid $12,357 in combined state and local taxes per person in 2024, 71% higher than the national average.
• This tax amount was over 20% higher than other high-tax states like California ($10,160) and Connecticut ($9,795).
• New York ranked first in personal income and corporate income taxes, third in property tax, sixth in sales tax, and 13th in other taxes.
• New York had the second highest government spending per person at $17,399, which is 44% above the national average.
• If New York had spending levels like New Jersey or Texas, it could have saved $99 billion or $143 billion, respectively.
• CBC noted high taxes and spending pose challenges for New York's competitiveness for residents and businesses.
• Factors like New York’s dense urban population and generous Medicaid program contribute to higher spending.
• Polls show voters consider tax policies important but prioritize cost of living, inflation, and the economy more when voting.