April 12, 2018

Top 10 U.S. States That Have the Highest Sales Taxes

NEW YORK

Overall Rating for Taxes on Retirees: Not tax-friendly

State Sales Tax: 4% state levy. Localities can add as much as 4.88%, and the average combined rate is 8.49%, according to the Tax Foundation. In the New York City metro area, there is an additional 0.375% sales tax to support transit. Clothing and footwear that cost less than $110 (per item or pair) are exempt from sales tax.

Income Tax Range: Low: 4.0% (on up to $8,5000 of taxable income for single filers and up to $17,150 for married couples filing jointly); High: 8.82% (on taxable income over $1,070,550 for single filers and over $2,155,350 for married couples filing jointly). New York allows localities to impose an income tax; the average levy is 2.11%, per the Tax Foundation.

Taxes on Social Security: Benefits are not taxed.

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