Taxes
New York’s Individual Income Tax System
New York’s personal income tax system consists of seven brackets with a top rate of 7.85%, beginning at an income level of $200,000 for the top bracket.
New York’s Corporate Income Tax System
New York’s corporate tax structure is composed of a flat rate of 7.1% on all corporate income.
New York Sales and Excise Taxes
New York has a 4% general sales or use tax on consumers, which is below the national median of 5.85%.
County Sales Tax
County sales tax is 4% also.
Contact us to learn more about the advantages of growing your business in Madison County, New York.
