Sentences with phrase «average state income tax deduction»

In the district of Rep. Dan Donovan (R - Staten Island), the only GOP House member from New York City, the gap between the average state income tax deduction and average property tax deduction is $ 6,820.

Not exact matches

(King's district, which covers the southern part of Nassau County, is the only one in the state where the average property tax deduction is higher than the average income tax deduction.)

Texas, for example, has no state income tax and its property taxes on average are lower than New York's, giving Texas taxpayers fewer reasons to claim the state and local tax deduction.

By simulating changes in tax rates (including for ordinary income and long - term capital gains and dividend income), exemptions and deductions, changes in after - tax income and average changes in the state - level, Gini coefficient for all 50 U.S. states were estimated.

After federal income tax deductions, Connecticut's wealthiest taxpayers pay an average of 5.5 percent for their income in state and local taxes, compared to 10.5 percent for middle - class families and more than 11.0 percent for the state's poor.