This year's federal tax filing deadline of April 18 is Slabuquickly 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 09:122036 view
2025-05-08 09:001462 view
2025-05-08 08:432517 view
2025-05-08 08:372123 view
2025-05-08 07:38968 view
2025-05-08 07:322286 view
Meta says most issues have been resolved after apps like Instagram, Facebook and Threads were experi
Ariana Grande knows the voice is hers.Even if it does sound a little different. Indeed, to play Glin
The average rate on a 30-year mortgage in the U.S. rose for the sixth straight week, returning to it