It’s tax season! Everyone’s favorite time of the year.. right?! Yeah, probably not. It’s probably not the top thing on your list of things to research when considering moving to the city, but it’s worth mentioning because it’s a little different than other places — at least that I’ve lived in.
I didn’t know a lot about the tax system when I got my first job at 16 in Washington. All I knew was they seemed to take a lot out and not give you much back when it came time for my tax return. When I moved to Oregon, I paid a little more attention because not only was I getting taxed by the federal government, but I had my first experience with also paying state taxes. Obviously taxes are necessary and have their purpose but seeing both of those numbers on my paystubs was depressing!
Then I moved to NYC, where not only are you taxed by the federal and state government, but also the city! Say what!? Yep! Obviously they are smaller percentages than the federal taxes, but it’s still a nice little chunk, enough so that I thought it was something that was important to mention and the time seemed fitting. It’s definitely something to consider when you calculate the change of cost of living from wherever you’re moving, as well as when you go to negotiate a salary.
If you’re considering moving here, I definitely suggest comparing different cost-of-living calculations as well as looking at a paycheck calculator. Everyone knows it’s a pricy city to live in, but you want to make sure you know what you’re getting into before committing to a move!