Workers making more than $250,000 a year may want to steer clear of as it slaps the biggest taxes on high earners. Analysis by financial information firm SmartAsset found those on more than a quarter of a million dollars in the city are taxed at a rate of 41 percent. It means they pay over $100,000 a year in levies. The figures compared taxes imposed on employees earning $250,000 with those on $100,000 in the 75 largest US cities.
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