Current:Home > ScamsThese are the states with the highest and lowest tax burdens, a report says -ProfitLogic
These are the states with the highest and lowest tax burdens, a report says
View
Date:2025-04-13 19:47:46
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! (14455)
Related
- NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
- Angel City FC to become highest-valued women’s sports team with historic $250 million deal
- Ashley home furnishings to expand Mississippi operations
- Americans spend more on health care than any other nation. Yet almost half can't afford care.
- Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
- Doubts about both candidates leave many Wisconsin voters undecided: I want Jesus to come before the election
- 'Too Hot to Handle' Season 6: Release date, time, cast, where to watch new episodes
- Tinx Convinced Me That Prime Day Should Replace New Year’s Resolutions and She Shares Her Top Deals
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- It's National Lottery Day. See who has won the biggest Powerball, Mega Millions jackpots
Ranking
- Sam Taylor
- Team USA Basketball Showcase: Highlights from US vs. Serbia exhibition game
- Griselda's Sofía Vergara Makes History With 2024 Emmy Nomination
- Inside NBC's extravagant plans to bring you Paris Olympics coverage from *every* angle
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Amazon Prime Day Deals on Cute Athleisure & Activewear That Won't Break a Sweat, up to 58% Off
- Michael J. Fox Celebrates “Lifetime of Love” With Tracy Pollan on 36th Wedding Anniversary
- Kentucky Gov. Andy Beshear endorses federal effort to reclassify marijuana as a less dangerous drug
Recommendation
Global Warming Set the Stage for Los Angeles Fires
Paul Skenes was the talk of MLB All-Star Game, but it was Jarren Duran who stole the spotlight
Before the 'Golden Bachelor' divorce there was 'Celebrity Family Feud': What happened?
Her hearing implant was preapproved. Nonetheless, she got $139,000 bills for months.
Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
Maryland board approves $148M in cuts to help support Medicaid, child care
Massachusetts lawmakers reach compromise deal on gun bill
MLB's 2024 All-Star Game uniforms got ridiculed again. Does online hate even matter?