Frpm the Tax Foundation:

"New York‘s tax system ranks 50th overall on the 2025 State Tax Competitiveness Index. New York ranks last on the Index, with high rates and a burdensome and nonneutral tax structure. To a significant degree, the draw of New York, and particularly New York City, has been enough to attract and retain individuals despite a high-rate, poorly structured tax code, just as many people choose to live in the city despite its high cost of living generally. At the margin, however, taxes matter—and in an era of enhanced migration, they now matter more than ever."

Read Report