Niagara Gazette — At the same time, surcharges on higher tax brackets expired this year. Those earning $300,000 to $2 million, who had been paying surcharge rates from 7.85 to 8.97 percent, saw their rate drop back to the permanent rate of 6.85 percent.
Those making more than $2 million yearly, who had been paying 8.97 percent with the surcharge, had their rate changed to 8.82 percent.
According to the Department of Taxation and Finance, for 2013 and 2014 the income tax rates will remain the same, though dollar amounts in the tax tables will be indexed by a cost-of-living percentage adjustment if it's applicable.
Department spokesman Cary Ziter said those brackets are posted in mid-January.