Taxing Burden

New Yorkers won't be surprised to hear that the combined city/state tax bite for residents is 47% higher than than the average tax bite for the 8 other cities in the country with a population of greater than 1 million. The combined taxes per $100 of gross taxable resources:

1. NYC - $9.02
2. Philadelphia - $7.16
3. Los Angeles - $6.88
4. San Antonio - $6.70
5. San Diego - $6.01
6. Phoenix - $6.25
7. Chicago - $5.89
8. Houston - $5.23
9. Dallas - $5.20

Some of my closest friends live in Jersey, not just for the view of Manhattan from their cheaper apartments, but because of NYC's hefty city tax. The difference affords some of them the monthly payment on luxury automobiles for driving in to enjoy what Hackensack cannot provide. It's a tough call, that tradeoff, and is probably the #2 topic of conversation among Manhattanites, after real estate.
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