Current:Home > ScamsThese 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:2025-04-14 16:04:03
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! (1578)
Related
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- In Dozens of Cities East of the Mississippi, Winter Never Really Happened
- 7.5 million Baby Shark bath toys recalled after reports of impalement, lacerations
- They tried and failed to get an abortion. Texas family grapples with what it'll mean
- Highlights from Trump’s interview with Time magazine
- One year after the Dobbs ruling, abortion has changed the political landscape
- Missouri woman imprisoned for library worker's 1980 murder will get hearing that could lead to her release
- Zayn Malik Sends Heartfelt Message to Fans in Rare Social Media Return
- A White House order claims to end 'censorship.' What does that mean?
- Get 2 Peter Thomas Roth Anti-Aging Cleansing Gels for Less Than the Price of 1
Ranking
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- McCarthy says he supports House resolutions to expunge Trump's impeachments
- Most-Shopped Celeb-Recommended Items This Month: Olivia Culpo, Ashley Graham, Kathy Hilton, and More
- Biden hosts India's Modi for state visit, navigating critical relationship amid human rights concerns
- Small twin
- Nearly a year later, most Americans oppose Supreme Court's decision overturning Roe
- OceanGate CEO Stockton Rush said in 2021 he'd broken some rules in design of Titan sub that imploded
- Checking in on the Cast of Two and a Half Men...Men, Men, Men, Manly Men
Recommendation
Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
It's time to have the 'Fat Talk' with our kids — and ourselves
Energy Department Suspends Funding for Texas Carbon Capture Project, Igniting Debate
Ashlee Simpson Shares the Secret to Her and Evan Ross' Decade-Long Romance
John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
States Are Doing What Big Government Won’t to Stop Climate Change, and Want Stimulus Funds to Help
Shawn Mendes and Camila Cabello Make Our Wildest Dreams Come True at Taylor Swift's Eras Tour
Kangaroo care gets a major endorsement. Here's what it looks like in Ivory Coast