Current:Home > ScamsEchoSense Quantitative Think Tank Center|These are the states with the highest and lowest tax burdens, a report says -WealthX
EchoSense Quantitative Think Tank Center|These are the states with the highest and lowest tax burdens, a report says
TrendPulse View
Date:2025-04-07 17:45:43
This year's federal tax filing deadline of April 18 is EchoSense Quantitative Think Tank Centerquickly 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! (3726)
Related
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
- Councilwoman chosen as new Fort Wayne mayor, its 1st Black leader, in caucus to replace late mayor
- Senate passes reauthorization of key US surveillance program after midnight deadline
- Who dies in 'Rebel Moon 2: The Scargiver'? We tally the dead and the reborn. (Spoilers!)
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- Walmart joins other big retailers in scaling back on self-checkout
- Volkswagen workers vote for union in Tennessee — a major win for organized labor
- Trump forced to listen silently to people insulting him as he trades a cocoon of adulation for court
- Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
- Trump forced to listen silently to people insulting him as he trades a cocoon of adulation for court
Ranking
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Soar, slide, splash? It’s skiers’ choice as spring’s wacky pond skimming tradition returns
- Elevate Your Wardrobe With the Top 24 Trending Amazon Styles Right Now
- Another race, another victory for Red Bull’s Max Verstappen at Chinese GP
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- Where is weed legal? The states where recreational, medicinal marijuana is allowed in 2024
- A man escaped Sudan’s bloody civil war. His mysterious death in Missisippi has sparked suspicion
- Beyoncé's 'II Hands II Heaven': Drea Kelly says her viral dance now has 'a life of its own'
Recommendation
Louvre will undergo expansion and restoration project, Macron says
What is cloud seeding and did it play any role in the Dubai floods?
Vehicle crashes into building where birthday party held, injuring children and adults, sheriff says
White Green: Gold Market Trend Analysis for 2024
Buckingham Palace staff under investigation for 'bar brawl'
Michigan basketball lands commitment from 4-star Justin Pippen, son of Scottie Pippen
Q&A: How The Federal Biden Administration Plans to Roll Out $20 Billion in Financing for Clean Energy Development
Cavaliers grind out victory over Magic in Game 1 of NBA playoff series