Personal income tax: Tabular data

Personal income tax collections
Fiscal year	2019	2020	2021	2022	2023
Personal income tax collections (in millions of dollars)	$48,087.34	$53,659.40	$54,966.67	$70,737.34	$58,775.67

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Returns filed by tax year
Tax year	2017	2018	2019	2020	2021	2022
Number of returns filed	10,635,350	10,728,408	10,861,338	10,987,142	10,878,455	10,692,519

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Fast refunds
Processing time	15 days or less	16–30 days	31–60 days	121 days or more
Percentage of refunds processed	57%	35%	5%	2%

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Distribution and liability of tax year 2022 returns
Taxpayer categories	Number of taxpayers	Percent of total taxpayers	Liability ($)*	Percent of total taxes
Top 200	200	0.002%	$4,181,397,289	6.7%
New York source millionaires	84,095	0.8%	$26,038,318,093	41.9%
Top 200K	200,000	1.9%	$31,576,537,606	50.8%
Top 25%	2,673,130	25.0%	$55,378,000,843	89.0%
Top 50%	5,346,260	50.0%	$62,008,779,062	99.7%
Lower 50%	5,346,259	50.0%	$195,013,579	0.3%
Lower 25%	2,673,129	25.0%	($1,216,886,592)	(2.0%)

* New York State income tax liability plus state pass-through entity tax (PTET) credit claimed

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Total New York State income tax millionaires
Tax year	Number of millionaire filers	Change
2016	57,126	N/A
2017	63,352	6,226
2018	67,108	3,756
2019	68,068	960
2020	69,688	1,620
2021	90,579	20,891
2022	84,095	−6,484

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Growth of millionaires
Tax year	Gross state product	Personal income	Dividends, interest, and rent	S&P 500 (%)	Millionaires
2011	2.0%	5.5%	10.7%	0.0%	6.7%
2012	6.5%	4.5%	11.8%	13.4%	13.1%
2013	2.8%	1.2%	0.4%	29.6%	-4.8%
2014	4.8%	3.6%	7.3%	11.4%	15.5%
2015	4.0%	4.3%	6.2%	-0.7%	4.2%
2016	4.3%	3.5%	4.8%	9.5%	-3.1%
2017	4.7%	6.7%	8.9%	19.4%	10.9%
2018	5.3%	3.4%	5.3%	-6.2%	5.9%
2019	4.8%	3.4%	2.4%	28.9%	1.4%
2020	-1.5%	4.6%	-4.5%	16.3%	2.4%
2021	8.2%	7.3%	8.1%	26.9%	30.0%
2022	7.2%	-1.6%	2.0%	-19.4%	-7.2%
2023	N/A	N/A	N/A	24.2%	N/A

Source: U.S. Bureau of Economic Analysis and Investing.com

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Share of all resident returns with dependents
Tax year	Married filing jointly with dependents	Married filing jointly with no dependents	Head of household
2017	16.5%	16.3%	16.3%
2018	16.2%	16.4%	16.1%
2019	15.5%	16.3%	15.5%
2020	14.1%	16.2%	14.7%
2021	14.1%	16.2%	15.1%
2022	14.4%	16.3%	15.3%

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Dependents claimed on tax returns
Tax year	2017	2018	2019	2020	2021	2022
Number of dependents claimed on tax returns	5,208,648	5,154,394	4,986,703	4,647,815	4,648,241	4,639,781
Number of returns filed	10,635,350	10,728,408	10,861,338	10,987,142	10,878,455	10,692,519

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Composition of income for tax year 2022, all returns by New York adjusted gross income (AGI)
Type of income	Under $50,000	$50,000–$99,999	$100,000–$499,999	$500,000–$999,999	$1,000,000–$4,999,999	$5,000,000–$24,999,999	$25,000,000 and over	All taxpayers
Wages and salary	96,071,120,873	148,343,621,913	341,297,500,307	66,441,085,017	71,351,299,367	27,071,622,872	9,843,658,779	760,419,909,128
Unearned income *	7,271,756,993	4,525,447,806	20,389,287,493	10,723,381,968	25,758,335,257	26,550,364,886	50,316,172,073	145,534,746,476
Rent, royalties, flow-thrus, estates and Trusts	-7,783,273,082	1,611,830,937	18,513,890,729	12,923,055,625	32,248,926,067	18,501,517,047	9,470,875,111	85,486,822,434
Business and farm income	8,062,235,794	4,048,089,821	11,850,994,414	3,544,520,043	3,499,769,721	806,380,687	122,941,445	31,934,931,925
Retirement income **	56,955,805,868	19,215,640,155	27,681,131,916	3,192,780,275	1,984,570,007	371,848,961	65,171,973	109,466,949,155
Other income ***	-4,929,255,657	1,172,270,259	2,345,619,077	822,037,382	1,230,648,924	492,900,204	-174,466,836	959,753,353
Gross income	155,648,390,789	178,916,900,891	422,078,423,936	97,646,860,310	136,073,549,343	73,794,634,657	69,644,352,545	1,133,803,112,471

Footnotes: Measured as a share of gross income. Gross income refers to all income (net of losses) received as money, goods, property, or services sourced to NY and not expressly exempt from federal tax.
* 'Unearned income' refers to taxable interest, dividends, and capital & supplemental gains (loss).
** 'Retirement income' includes taxable IRA distributions, pensions, and social security.
*** 'Other income' includes items such as alimony, unemployment compensation, and taxable refunds.

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Taxpayers reporting capital gains
Tax year	2017	2018	2019	2020	2021	2022
Number	1,828,309	1,817,210	1,839,620	2,061,059	2,339,443	2,097,069
Share of all taxpayers	17.2%	16.9%	16.9%	18.8%	21.5%	19.6%
Amount ($)	$96,425,624,621	$99,765,693,135	$90,854,893,215	$131,879,667,693	$203,441,130,120	$101,669,445,780
Share of all NYAGI	11.0%	11.0%	9.8%	13.3%	17.7%	9.5%

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Distribution of capital gains for tax year 2022, all returns by New York adjusted gross income
New York adjusted gross income	Number of returns
Under $50,000	2,057,692,303
$50,000–$99,999	1,833,244,547
$100,000–$499,999	11,107,701,934
$500,000–$999,999	6,800,467,980
$1,000,000–$4,999,999	17,925,671,379
$5,000,000–$24,999,999	20,224,326,180
$25,000,000 and over	41,720,341,457
All	101,669,445,780

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Use of digital assets
Age of primary taxpayer in years	Tax year 2021	Tax year 2022
Less than 30	182,028	63,926
30–39	172,411	78,188
40–49	80,001	46,459
50–59	42,111	26,839
60–69	18,553	13,338
70 or above	6,821	5,690
Total	501,925	234,440

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Voluntary contributions history
Fiscal year	Number of funds	Number of contributions	Total amount contributed
1993	1	160,623	1,375,998
1994	1	131,575	1,169,476
1995	1	118,991	1,059,476
1996	1	122,148	1,112,730
1997	3	135,677	1,129,725
1998	4	231,768	1,701,185
1999	4	187,086	1,472,497
2000	4	206,217	1,770,796
2001	5	190,409	1,711,519
2002	5	185,063	1,704,525
2003	5	171,004	1,677,697
2004	5	166,573	1,643,114
2005	6	158,961	1,696,969
2006	7	181,419	1,974,980
2007	7	178,058	2,033,038
2008	7	153,133	1,865,028
2009	7	194,021	2,286,152
2010	7	170,677	1,998,526
2011	8	158,781	1,921,806
2012	8	160,895	2,070,690
2013	8	134,665	1,831,278
2014	10	148,489	1,998,683
2015	10	139,067	1,825,843
2016	13	137,415	1,898,487
2017	14	161,781	2,261,926
2018	15	152,311	2,199,586
2019	19	151,989	2,263,003
2020	25	138,753	2,224,268
2021	27	130,501	2,332,471
2022	30	119,805	2,372,072
2023	34	126,268	3,169,951

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Updated: March 12, 2024