Current:Home > MarketsThese are the states with the highest and lowest tax burdens, a report says -ProfitSphere Academy
These are the states with the highest and lowest tax burdens, a report says
Burley Garcia View
Date:2025-04-07 13:54:48
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! (23279)
Related
- Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
- So would a U.S. default really be that bad? Yes — And here's why
- Overwhelmed by Solar Projects, the Nation’s Largest Grid Operator Seeks a Two-Year Pause on Approvals
- MrBeast YouTuber Chris Tyson Reflects on 26 Years of Hiding Their True Self in Birthday Message
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
- Yes, Puerto Rican licenses are valid in the U.S., Hertz reminds its employees
- Strip Mining Worsened the Severity of Deadly Kentucky Floods, Say Former Mining Regulators. They Are Calling for an Investigation
- Ice-T Defends Wife Coco Austin After She Posts NSFW Pool Photo
- Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
- Green energy gridlock
Ranking
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Intel named most faith-friendly company
- Green energy gridlock
- Red, White and Royal Blue Trailer: You’ll Bow Down to This Steamy Romance
- Intellectuals vs. The Internet
- Houston lesbian bar was denied insurance coverage for hosting drag shows, owner says
- Weak GOP Performance in Midterms Blunts Possible Attacks on Biden Climate Agenda, Observers Say
- With Build Back Better Stalled, Expanded Funding for a Civilian Climate Corps Hangs in the Balance
Recommendation
Questlove charts 50 years of SNL musical hits (and misses)
1000-Lb. Sisters' Tammy Slaton Shares Tearful Update After Husband Caleb Willingham's Death
A ride with Boot Girls, 2 women challenging Atlanta's parking enforcement industry
TikTok sues Montana over its new law banning the app
Former longtime South Carolina congressman John Spratt dies at 82
LA's housing crisis raises concerns that the Fashion District will get squeezed
European watchdog fines Meta $1.3 billion over privacy violations
Dua Lipa's Birthday Message to Boyfriend Romain Gavras Will Have You Levitating