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Income and Taxes

   
     
 

New York City (NYC)
Components of Personal Income Tax Collections

 
     
  Categories of
Tax Collections
Fiscal Year Ended June 30th
(in thousands)
 
  2000 2010 2013 2014 2015 2016 2017  
  Withholding
$4,011,390
$5,632,324
$6,479,989
$6,878,743
$7,370,483
$7,744,879
$8,056,640
 
  Estimated Tax Payments
$1,272,821
$1,840,052
$2,263,576
$3,100,059
$2,822,736
$3,283,144
$2,792,532
 
  Final Payments
$424,619
$302,965
$312,567
$380,378
$353,709
$423,953
$404,873
 
  Delinquency Collections
$166,209
$247,875
$301,991
$297,324
$340,003
$349,865
$349,015
 
  Refunds and Minor Offsets
$558,901
$1,376,164
$1,137,091
$1,363,978
$1,273,024
$1,429,373
$1,168,753
 
  State to City Offsets
$322,746
$60,842
$306,436
$613,713
$589,456
$673,383
$788,958
 
  Net Collections¹
$5,638,883
$6,586,210
$8,527,469
$9,906,239
$10,203,362
$11,045,852
$11,223,267
 
     
 

Note:
¹ Net Collections equals total gross collections plus state to city offsets minus refunds and minor offsets.

 
     
     
 

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Source:
NY State Dept. of Taxation and Finance - New York State Tax Collections (Table 25)

 
Baruch College Weissman Zicklin School of Business NYCdata