Back to today’s briefing

Story perspectives

Experts Warn NYC's High Taxes Could Drive Residents Away

12/6/2025

41 3

Summary

Story summary

The combined New York state and city income tax can reach nearly 15%, the highest in the U.S.
Simply changing address or spending more than 183 days in another state is insufficient.
Tax auditors may ask invasive questions about residency.
A case showed a man who moved to Florida but claimed New York residency for a fishing license.
Experts warn the city's progressive politics and tax increases may prompt relocation.

1 of 1

Story summary

The combined New York state and city income tax can reach nearly 15%, the highest in the U.S.
Simply changing address or spending more than 183 days in another state is insufficient.
Tax auditors may ask invasive questions about residency.
A case showed a man who moved to Florida but claimed New York residency for a fishing license.
Experts warn the city's progressive politics and tax increases may prompt relocation.