These are the states with the highest and lowest income tax burdens…
Highest income 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 income 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%
There are seven states with no state income tax… these are:
– Nevada, Washington, South Dakota, Florida, Wyoming, Alaska and Texas.
Here are the states with the highest Sales Tax burden:
– Hawaii (6.71%), Washington, (5.66%) and New Mexico (5.62%)
And here are the states with the lowest Sales Tax burden:
– New Hampshire (1.07%), Delaware (1.09%) and Oregon (1.11%).
Should you inquire about any state tax related events, please contact our office at 310.666.0244
References Page:
Archie, Ayana. “These are the states with the highest and lowest tax burdens, a report says.” npt. URL: www.npr.org/2023/03/30/1166970506/tax-burden-by-state-income-property-sales.
https://www.cdtfa.ca.gov/taxes-and-fees/sales-use-tax-rates.htm