New York City Stats

Member of the 24/7 Wall St. Media Network

Category: Budget & Taxes (page 1 of 2)

New York Among the States Where You’ll Pay the Most in Electric Bills

Whether it is powering a refrigerator to keep food from spoiling or heating water for a shower, many of modern life’s most basic functions require electricity. However, the cost of running a refrigerator for a month could be up to three times more expensive depending on the state. To highlight how electricity costs vary across […]

New York Among the Cities Where Most Americans Can’t Afford Their Homes

The U.S. Census recommends Americans spend no more than 30% of their income on housing costs per month. Still, an estimated 19 million U.S. households spend over 50% of their income on housing. As the United States continues to recover from the housing crisis and recession, housing costs, including home prices and rent, are rising […]

New York Among States Where it is Less Expensive to Drive

The cost of driving a car in one state compared to another can differ by more than $2,000 a year. In states where accidents are prevalent, insurance rates are often higher. In western states, gas prices tend to be higher. And in states with bad road conditions, vehicles require more frequent repairs. All these factors […]

New York is One of the Least Tax-Friendly States for Business

States compete to attract new businesses, which can generate jobs and contribute to economic growth. While every state levies some form of taxes on businesses, some states are more tax-friendly than others. In addition to other factors, such as the strength of the labor force, a state’s tax code is an important consideration for businesses […]

Why Gas Prices Are Higher in New York

The price of gas, a necessity for most Americans, tends to be somewhat unpredictable. The common, often erratic, fluctuations are due to basic supply and demand factors, but the price of gas also changes with the seasons, after natural disasters, and due to other events in the United States or around the world. The average […]

New York Has the Highest Taxes in America

In the U.S. federalist system, each state government decides how to generate revenue — that is, which taxes to collect, and how. No state tax code is identical, and largely as a result, what the average American pays annually in taxes varies from state to state. 24/7 Wall St. reviewed each state’s tax burden — […]

Sales Tax in New York Among the Highest in the Nation

Because sales tax is regressive — disproportionately affecting poorer residents — the decision to raise or lower the sales tax rate is often accompanied by intense debate. Still, last year, hundreds of cities and several states raised sales tax rates, although many others lowered rates as well. Sales taxes are levied by both state and […]

New York Has the 4th Highest State Gas Tax

The federal government has some $51.4 billion in its coffers, primarily set aside for road construction and repair. These funds are raised from a federally imposed 18.4 cent tax on every gallon of gas purchased on American soil. On top of the federal tax, each state collects its own tax on every gallon of gas […]

New York Managed No Better Than the Average U.S. State

Comparing the quality of governance between states can be challenging. The decisions state governors, legislators, city mayors and other elected officials make can have wide-reaching effects on state residents, and these decisions can sometimes take years to have an impact. Aware of these inherent challenges, 24/7 Wall St. has for seven straight years reviewed the […]

Tax Revenue From Marijuana in New York State Could Be $544 Million

Four states and the District of Columbia have voted since 2012 to legalize the retail sale of marijuana. One main incentive of legalization is the tax revenue states receive from marijuana sales. The first two states to legalize marijuana — Colorado and Washington — began sales in 2014. After a slow start, tax revenues now […]

Older posts

© 2017 24/7 Wall St.

Theme by Anders NorenUp ↑