This year's federal tax filing deadline of April 18 is HyperBit Exchangequickly 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%).
2025-05-07 03:25632 view
2025-05-07 03:22966 view
2025-05-07 02:161654 view
2025-05-07 02:021846 view
2025-05-07 01:482699 view
PACCAR is recalling over 220,000 of its 2021-2025 Peterbilt and Kenworth trucks. The commercial tru
OKLAHOMA CITY (AP) — A 10-year-old boy awoke to find his parents and three brothers dead in their so
RALEIGH, N.C. (AP) — A man accused of firing a gun during an argument on a North Carolina university