Current:Home > StocksThese are the states with the highest and lowest tax burdens, a report says -Infinite Edge Capital
These are the states with the highest and lowest tax burdens, a report says
View
Date:2025-04-17 02:56:49
This year's federal tax filing deadline of April 18 is quickly approaching, and Americans generally pay some mixture of federal, local, and in most cases, state taxes. But the tax burden of some states significantly outpaces others, data shows.
WalletHub, a personal finance website, released a report this week analyzing total tax burden by state. Tax burden is defined as the proportion of a person's income that goes toward taxes.
It measured a combination of the proportion of property tax, income tax and sales tax that people paid. These were the states with the highest and lowest tax burdens.
Highest tax burdens
- New York - 12.47%
- Hawaii - 12.31%
- Maine - 11.14%
- Vermont - 10.28%
- Connecticut - 9.83%
- New Jersey - 9.76%
- Maryland - 9.44%
- Minnesota - 9.41%
- Illinois - 9.38%
- Iowa - 9.15%
Lowest tax burdens
- Alaska - 5.06%
- Delaware - 6.12%
- New Hampshire - 6.14%
- Tennessee - 6.22%
- Florida - 6.33%
- Wyoming - 6.42%
- South Dakota - 6.69%
- Montana - 6.93%
- Missouri - 7.11%
- Oklahoma - 7.12%
When broken down by category, the states with the highest burden for property tax were Maine (5.33%), Vermont (4.98%) and New Hampshire (4.94%), while the lowest were Alabama (1.39%), Tennessee (1.66%) and Arkansas (1.68%).
The states with the highest burden for income tax are New York (4.72%), Maryland (4.21%) and Oregon (3.62%). There are nine states with no income tax – Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming, One of those states, however — New Hampshire — does tax dividends and interest.
The states with the highest sales tax burden are Hawaii (6.71%), Washington, (5.66%) and New Mexico (5.62%), while the states with the lowest sales tax burden are New Hampshire (1.07%), Delaware (1.09%) and Oregon (1.11%).
veryGood! (9885)
Related
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- 'The Red Hotel': Trying to cover World War II from a 'gilded cage' in Moscow
- The final season of the hit BBC crime series 'Happy Valley' has come to the U.S.
- NASA clears SpaceX Crew Dragon fliers for delayed launch to space station
- Nearly half of US teens are online ‘constantly,’ Pew report finds
- How the SCOTUS 'Supermajority' is shaping policy on everything from abortion to guns
- Nuevos y destacados podcasts creados por latinos en medios públicos que debes escuchar
- NAACP Image Awards 2023 Red Carpet Fashion: See Every Look as the Stars Arrive
- Biden administration makes final diplomatic push for stability across a turbulent Mideast
- This Parent Trap Reunion At the 2023 SAG Awards Will Have You Feeling Nostalgic
Ranking
- Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
- SAG Awards 2023 Winners: See the Complete List
- And just like that, Kim Cattrall will appear in the 'Sex and the City' spin-off
- James Corden's The Late Late Show Finale Plans Revealed
- Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
- Take Your Skin’s Hydration to the Next Level With This $80 Deal on $214 Worth of Josie Maran Products
- You Won't Believe the 2003 SAG Awards Red Carpet Fashion Looks That Had Everyone Talking
- 'The Talk' is an epic portrait of an artist making his way through hardships
Recommendation
Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
Man says he survived month lost in Amazon rainforest by eating insects, drinking urine and fighting off animal attacks
Cold Justice Sneak Peek: Investigators Attempt to Solve the 1992 Murder of Natasha Atchley
China dismisses reported U.S. concern over spying cargo cranes as overly paranoid
'We're reborn!' Gazans express joy at returning home to north
Vanity Fair's Radhika Jones talks Rupert Murdoch and Little House on the Prairie
Warm banks in U.K. welcome people struggling with surging heating bills
British star Glenda Jackson has died at age 87