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:2025-04-19 21:37:55
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! (16226)
Related
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- Olympian Ryan Lochte Shows 10-Month Recovery After Car Accident Broke His Femur in Half
- Governor appoints ex-school board member recalled over book ban push to Nebraska’s library board
- How many points did Caitlin Clark score today? Fever rookie nets career high in win vs. Sky
- Could your smelly farts help science?
- Suspect in abduction and sexual assault of 9-year-old girl dies in car crash while fleeing police
- Harris says Trump tariffs will cost Americans $4k/year. Economists are skeptical.
- Watch Travis Kelce annoy Christian McCaffrey in new Lowe's ad ahead of NFL season
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Tallulah Willis Shares Insight Into Her Mental Health Journey Amid New Venture
Ranking
- Nevada attorney general revives 2020 fake electors case
- Oregon ban on hard-to-trace ghost guns goes into effect Sunday
- Farmers in 6 Vermont counties affected by flooding can apply for emergency loans
- Lionel Messi's Inter Miami already in MLS playoffs. Which teams are in contention?
- How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
- Priceless Ford 1979 Probe I concept car destroyed in fire leaving Pebble Beach Concours
- What we know about bike accident that killed Johnny Gaudreau, NHL star
- Horoscopes Today, August 30, 2024
Recommendation
Skins Game to make return to Thanksgiving week with a modern look
Sarah Adam becomes first woman to play on U.S. wheelchair rugby team
Matthew Gaudreau's Wife Madeline Pregnant With Their First Baby Amid His Death
Poland eases abortion access with new guidelines for doctors under a restrictive law
Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
Governor appoints ex-school board member recalled over book ban push to Nebraska’s library board
Young girls are using anti-aging products they see on social media. The harm is more than skin deep
Top Deals from Coach Outlet Labor Day Sale 2024: $24 Wallets, $78 Bags & Up to 76% Off Bestselling Styles