Question
1. Does New York state have an individual income tax? If so, how closely does it conform to the federal tax? Can one deduct the
1. Does New York state have an individual income tax? If so, how closely does it conform to the federal tax? Can one deduct the federal tax in computing the state income tax? List some specific ways that the federal and state tax bases differ. What problems, if any, do these differences create in computing your taxes? What additional issues have been created in as a result of Federal Tax reform in 2017.
2. What is the rate structure of New York state income tax? Are the rates progressive, and if so, how does that progressivity compare to the federal income tax rate structure?
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