NY Tax rate
Taxable income bracket
Tax owed
$0 to $8,500.
4% of taxable income.
4.5%
$8,501 to $11,700.
$340 plus 4.5% of the amount over $8,500.
5.25%
$11,701 to $13,900.
$484 plus 5.25% of the amount over $11,700.
5.5%
$13,901 to $80,650.
$600 plus 5.5% of the amount over $13,900.
6%
$80,651 to $215,400.
$4,271 plus 6% of the amount over $80,650.
6.85%
$215,401 to $1,077,550.
$12,356 plus 6.85% of the amount over $215,400.
9.65%
$1,077,551 to $5,000,000.
$71,413 plus 9.65% of the amount over $1,077,550.
10.3%
$5,000,001 to $25,000,000.
$449,929 plus 10.3% of the amount over $5,000,000.
10.9%
$25,000,001 and over.
$2,509,929 plus 10.9% of the amount over $25,000,000.
Florida Income tax bracket- $0 to $Gazillion - Zero, zilch, nada
Since Hannity's salary at Fox is bascially $40M / year. This move is saving him $4M a year in taxes alone.
That doesn't count anything else in NY that is sky high in costs, including insurance, utilities, food, transporation, and on and on.
