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Ethoannalol t1_j9dx15p wrote

Reply to comment by G4M35 in PSA: New York State tax brackets are not what they seem by PostPostMinimalist

Top of page 43 there's a section called "how to compute your 2022 new york state tax", which references the additional calculations starting bottom of page 45.

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parkerpyne t1_j9dzt1g wrote

These calculations however to me look like they're still the traditional marginal tax rate brackets, only spelled out per each marginal tax rate that exists.

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G4M35 t1_j9eujnz wrote

That is correct, and the point of my comment above.

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PostPostMinimalist OP t1_j9ev4g8 wrote

Did you add all of lines 3, 4, and 9? Line 3 is the traditional calculation, but then you add 4 and 9.

Those magic constants on lines 4 and 5 are what get your total to the full marginal rate (at least, once you are 50k above the new bracket starting point). I’d share the full calculation here but am on my phone at the moment.

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parkerpyne t1_j9f3o1h wrote

>Those magic constants on lines 4 and 5 are what get your total to the full marginal rate (at least, once you are 50k above the new bracket starting point).

I don't think that's true. These numbers are relatively tiny and they certainly cannot have the effect that you are describing. All they do is slightly modify the overall dollar amount on which the tax debt is calculated using the usual bracket math.

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PostPostMinimalist OP t1_j9f4qne wrote

Either do the math or don’t, I’ve done it and it comes out like I said, so I’ll only believe math which shows otherwise. I commented elsewhere on exactly how those numbers are calculated if you want to confirm.

The numbers are “small” because they are capturing marginal differences on top of the usual calculation. You’ll note they get much bigger as you move up the brackets (look at worksheet 4)

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