New York High Earners Split on Higher Taxes
A MarketBeat survey of 3,031 people earning at least $250,000 finds 38% of New York respondents say they should pay more in income taxes.
Updated on Nov. 4, 2026 in Financial Planning
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Do you think high earners should pay more in New York state income taxes?
A MarketBeat survey of 3,031 New York residents earning at least $250,000 a year asked whether their income tax bills should be higher, lower, or unchanged. Thirty-eight percent said they should pay more.
Why it matters
The findings show that a substantial share of New York's highest earners are open to higher state income taxes, a question that bears on the state's fiscal debates. The most common condition for supporting higher taxes was evidence that the money would be spent well.
The survey covered 3,031 people earning at least $250,000 a year, and 38% of New York respondents said their income tax bills should rise. The study did not break out New York-specific answers on what would make respondents more willing to pay.
The players
MarketBeat
MarketBeat is a financial news company that conducted the survey of high earners.
The details
MarketBeat asked high earners whether their income tax bill should be higher, lower, or the same. New Rochelle ranked first among places where respondents said taxes should rise, followed by New York, Brooklyn, the Bronx, Queens, Buffalo, and Staten Island.
Timeline
Results were published in November 2026.
Market Dynamics
The MarketBeat survey asked a national sample of high earners about their own tax bills, and this report isolates the New York responses. Such attitude surveys inform how investors and planners read the political appetite for changes to income tax rates.
High earners weighing their own tax planning may find that surveyed attitudes toward higher taxes signal where state policy debates could head. Readers should track any proposed changes to New York income tax rates before adjusting their own financial plans.
The takeaway
The survey suggests that a large minority of New York's high earners would accept higher income taxes if they see the money well spent. Financial planners can use that signal to stress-test plans against possible rate changes.
Further reading
For related context, see Financial Planning coverage of how tax policy shapes household decisions.
Source note: This article includes information reported by WNBF News Radio 1290 AM & 92.1 FM.
Live Poll
Do you think high earners should pay more in New York state income taxes?
