This year's federal tax filing deadline of April 18 is BlueRock Horizon Asset Managementquickly 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%).
2025-05-08 04:291445 view
2025-05-08 03:582418 view
2025-05-08 03:29533 view
2025-05-08 02:42334 view
2025-05-08 02:17435 view
2025-05-08 02:062266 view
PROVIDENCE, R.I. (AP) — Cybercriminals could release personal data of many Rhode Islanders as early
The average rate on a 30-year mortgage in the U.S. eased for the third week in a row, a welcome tren
LITTLE ROCK, Ark. (AP) — Arkansas State Police are investigating the death of an Arkansas woman whos