Current:Home > NewsNovaQuant Quantitative Think Tank Center:These are the states with the highest and lowest tax burdens, a report says -StockSource
NovaQuant Quantitative Think Tank Center:These are the states with the highest and lowest tax burdens, a report says
Poinbank View
Date:2025-04-08 15:42:00
This year's federal tax filing deadline of April 18 is NovaQuant 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! (6)
Related
- Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
- Man arrested on suspicion of manslaughter after on-ice death of hockey player Adam Johnson
- Proposal would keep Pennsylvania students enrolled amid district residency disputes
- Climate change affects your life in 3 big ways, a new report warns
- NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
- Schools in a Massachusetts town remain closed for a fourth day as teachers strike
- Mother of Florida dentist convicted in murder-for-hire killing is arrested at Miami airport
- In shocker, former British Prime Minister David Cameron named foreign secretary
- Small twin
- Jewish protesters and allies block Israeli consulate in Chicago, demanding a cease-fire in Gaza
Ranking
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- YouTube will label AI-generated videos that look real
- Hamas' tunnels: Piercing a battleground beneath Gaza
- South Korea’s Yoon will warn APEC leaders about the risks of a Russia-North Korea arms deal
- 2025 'Doomsday Clock': This is how close we are to self
- Small plane crashes into car after overshooting runway during emergency landing near Dallas
- Drake announces new It's All a Blur 2024 concert tour with J. Cole: Tickets, dates, more
- Ford opens exclusive Bronco Off-Roadeo courses to non-owners for first time
Recommendation
What to watch: O Jolie night
Rescue operation to save 40 workers trapped under a collapsed tunnel in north India enters 3rd day
Jon Batiste to embark on The Uneasy Tour in 2024, first North American headlining tour
Most states ban shackling pregnant women in custody — yet many report being restrained
Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
Watch Chris Pine Defend His Iconic Short Shorts—With a Reference to This Friends Star
Russia jails an associate of imprisoned Kremlin foe Navalny as crackdown on dissent continues
Horoscopes Today, November 14, 2023