Who pays the most? For the purpose of our discu
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Posted On: 08/01/2016 8:16:31 PM
Who pays the most?
For the purpose of our discussion, we're ranking the 50 states in terms of overall tax burden, which is the percentage of total income that's paid toward state and local taxes. In collecting its data, WalletHub aggregated three distinct types of taxes -- real estate taxes, individual income taxes, and sales and gross receipts taxes -- and then measured them as a percentage of total personal income within each state.
Among the 50 states, New York's overall tax burden came in highest, at 13.12%. In fact, several Northeast states made the top 10. Maine and Vermont tied for third place with an 11.13% tax burden, while Connecticut and New Jersey came in at 10.91%, and 10.38%, respectively. Not surprisingly, Hawaii also topped the list, at 11.86%, while California came in eleventh, at 9.91%
For the purpose of our discussion, we're ranking the 50 states in terms of overall tax burden, which is the percentage of total income that's paid toward state and local taxes. In collecting its data, WalletHub aggregated three distinct types of taxes -- real estate taxes, individual income taxes, and sales and gross receipts taxes -- and then measured them as a percentage of total personal income within each state.
Among the 50 states, New York's overall tax burden came in highest, at 13.12%. In fact, several Northeast states made the top 10. Maine and Vermont tied for third place with an 11.13% tax burden, while Connecticut and New Jersey came in at 10.91%, and 10.38%, respectively. Not surprisingly, Hawaii also topped the list, at 11.86%, while California came in eleventh, at 9.91%
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