Just got a question for those living in New York... Got a job offer in New York... Just wondering what are income tax rates in that state? Live in Canada so don't know how the tax system works in the U.S...Federal & state tax? Anyway would appreciate any help. Thanks.
They have a state income tax. Here are the tax rates http://dab.nfc.usda.gov/pubs/docs/taxformulas/formulas/statecitycounty/taxny/taxny.html
Ask for a 'dummy' paycheque if it's a real concern to you. I've found California and New York often have higher taxes than Canada once you include state tax and payroll taxes on incomes less than $100K. You might be surprised how high the payroll taxes are. (and rents!).
Dear ChrisBosh, Welcome to wonderful New York City, home of the friendliest people on Earth. Before you settle in and get too comfortable in our fair city, we require tax payment from you (used to clean up the trash, graffiti, and urine on our pristine streets). Please indicate how you wish to pay: [] Your firstborn [] Your soul [] Indentured servitude Thank you and good luck! Sincerely, NYC Comptroller
I live here in Western New York. I have no idea of the tax rates, though, sorry. I don't ever pay attention to that kind of stuff. Although, when you say you got a job in New York, most people just assumer NYC(just like when I say I live in New York, they say, "OH REALLY!?! THAT'S AWESOME! YOU'RE LUCKY!!!". So, where at in New York exactly, is it? Is it actually the city?
Manhattan... The thing I’m concerned about is the standard of living. I also have an offer in Portland. The offer difference from New York is about 10-14 grand higher (still negotiating). From what people are telling me, I will basically be making less in New York than in Portland due to the cost of living. Can’t decide. Don't even know if it's true.
True, but consider that Oregon is a freak state. I mean.. mandatory full service gasoline. wtf is wrong with them.
Since you'd be living in New York, you'll probably end up frequenting New Jersey a lot. (New Jersey being the only other "freak" state with mandatory full service gas) New York and Oregon are two completely different animals. Manhattan is nuts in its own unique way and plenty of people would hate to live there. Oregon is much more laid back and places like Portland have a very liberal, artsy swing to it as opposed to the hustle and chaos of NYC.
If you can afford to live in Manhattan, then you might as well go for New York. I mean, where in Portland can you get Thai food at 2:00 in the morning?
I just got back from a week in Portland. Living in Portland may be expensive but there are lots of small towns not far away that are still pretty cheap. You can drive 1/2 an hour out of Portland and be in the mountains, a little bit further and your at the ocean. You get the big city benefit of Portland but still have all the benefits of a rural area right around the corner. I also spend a good bit of time in Manhattan. The choices of entertainment and dining are unmatched. I guess it depends what your looking for.
I moved to Manhattan 2 years ago and wish I'd moved here 10 years ago. It rocks. There's no place like it. Oh, and eventually you start thinking of your money as monopoly money, so think hard about cost of living. Use a Cost o Living Calculator. Also, Manhattan rent is insane. I live in a 1 bedroom and I'm paying almost 3G a month...and that with the "discounted broker rate." (My neighbor downstairs is paying $3600 for the same apt). Now I am looking for a two bedroom and its looking like $4000 minimum. Granted, I am targeting the whole doorman/laundry/gym/high rise building that allows dogs, so my choices are somewhat limited. I've seen 1 bedrooms for $2000.
If you move to NY, don't forget to wear your 1994 NBA Champions t-shirt every day. Clutch City, baby.
just be ready to pay out the butt for NY State Taxes.. it was something that took me years getting used to... about living expenses and rent- you can still find apartments for a decent price in Manhattan... they might not be doorman apartments, you might not live in a penthouse overlooking Central Park, but there really are some good no-fee brokers out there who arent trying to rip you off... I have lived in 5 different apartments in Manhattan over the last seven years and I have never spent more than $750- I have lived in nicer neighborhoods(Stuy Town, York Ave, and Upper West) and I have lived in some lower income neighborhoods as well(Spanish harlem and Washington Heights), this is what living in NYC is all about, sharing the communal experience and absorbing all the energy that comes with the city... you dont have to be a stock broker to survive in New York City.. I make entry level wages and even manage to save money every month... it all depends on what kind of lifestyle you are comfortable with... I am in my 20's and have always lived with roommates, if you are looking to start a family then you might demand a higher quality of life... good luck in your choice, whatever you decide...
