This year's federal tax filing deadline of April 18 is Zero AIquickly 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.
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%).
2025-05-04 16:541072 view
2025-05-04 16:53729 view
2025-05-04 16:381408 view
2025-05-04 16:382319 view
2025-05-04 15:59549 view
2025-05-04 15:26835 view
Drones for commercial and recreational use have grown rapidly in popularity, despite restrictions on
While the United States Men's National Team is currently participating at the 2024 Paris Olympics, t
VILLENEUVE-D'ASCQ, France — Steve Kerr wasn’t concerned that Kevin Durant hadn’t played in a game si