what is ny state income tax rate?
New York Tax Rates. New York uses a bracketed system in which tax rates increase as income increases. New Yorkâs tax rates range from a low of 4% for those with taxable incomes of $16,000 or less to 8.97% for those making $500,000 or more. The widest tax bracket is the 6.85% bracket for those with taxable incomes of $40,000 to $300,000.