All Licensed and taxable businesses in New York pay taxes depending on their business type and industry.
New York has a 6.50% to 7.25% corporate income tax rate, a 4.00% state sales tax rate, a max local sales tax rate of 4.875%, and a graduated individual income tax, with rates ranging from 4.00% to 10.90%, and an average combined state and the local sales tax rate of 8.52%.