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Sunday, August 2, 2009

CITY SALES TAX INCREASED

The total sales tax that you pay on taxable items purchased in New York City increased yesterday from 8.375% to 8.875%. Of that 8.875%, the amount that is for New York State sales tax is 4.375%.

The rest of the tax is for New York City sales tax, which increased yesterday by one-
half of one percent from 4% to 4.5%. That is an increase of 5 cents on each $10 you spend on taxable items. The last permanent increase in New York City sales tax was in 1974, when it was raised from 3% to 4%.

Also, if you buy one item of clothing in New York City that costs $110 or more, you'll now be charged sales tax.