TAX BURDEN BY STATE
Ivan Gillis
TAX BURDEN BY STATE
If while doing
your retirement home check list, you realize that you have several locations
that are pretty much six of one, half dozen of the other, then the total
State Tax Burden,
could be your key decision factor.
Type of taxes that
make the total burden of State taxes are:
·
Property taxes (they tend to vary greatly per
location)
·
Sales and Gross Receipts (beware more than one state agency may have
taxing power)
·
Specialties State Taxes (alcoholic, motor fuels, insurance, public
utilities, tobacco and other products)
·
Licenses, corporate, hunting & fishing, motor vehicles, motor
vehicle operators, individual income, interest and dividends, death, gift,
documents, and stock transfers.
·
Plus any other State Tax
Top Five States with Highest
State Tax Burden
(as a percentage of
income)
·
Maine
13.5%
·
New York
12.9
·
Ohio
10.0
·
Minnesota
11.9
·
Hawaii
11.7
United States
average is 10.6%
Five states with the lowest tax
burden
·
Alaska
6.6%
·
New Hampshire
7.3
·
Delaware
8.4
·
Tennessee
8.6
·
Alabama
8.8
State Tax Burden as a percentage of Income
|
|
Tax Burden
Rank |
Tax Burden
as a
Percentage
of Income |
Tax
Burden
Per
Capita |
Income
Per
Capita |
|
United
States |
- |
10.6% |
$4,072 |
$38,376 |
|
Alabama
Alaska
Arizona
Arkansas
California |
46
50
32
27
15 |
8.8%
6.6%
10.1%
10.3%
10.9% |
$2,881
2,598
3,350
3,088
4,451 |
$32,599
39,499
33,156
29,999
41,022 |
|
Colorado
Connecticut
Delaware
Florida
Georgia |
38
9
48
39
25 |
9.8%
11.3%
8.4%
9.7%
10.4% |
$4,098
6,018
3,426
3,566
3,564 |
$41,987
53,152
40,964
36,734
34,327 |
|
Hawaii
Idaho
Illinois
Indiana
Iowa |
5
31
14
12
26 |
11.7%
10.2%
10.9%
11.0%
10.4% |
$4,496
3,159
4,335
3,796
3,709 |
$38,269
31,031
39,902
34,647
35,807 |
|
Kansas
Kentucky
Louisiana
Maine
Maryland |
18
20
11
1
19 |
10.7%
10.7%
11.0%
13.5%
10.7% |
$3,885
3,383
3,463
4,719
4,996 |
$36,209
31,639
31,358
34,935
46,562 |
|
Massachusetts
Michigan
Minnesota
Mississippi
Missouri |
28
16
4
29
34 |
10.3%
10.8%
11.9%
10.2%
9.9% |
$5,047
3,965
4,930
2,924
3,509 |
$49,203
36,751
41,363
28,591
35,408 |
|
Montana
Nebraska
Nevada
New
Hampshire
New Jersey |
42
6
43
49
17 |
9.5%
11.6%
9.5%
7.3%
10.8% |
$3,108
4,294
3,758
3,136
5,234 |
$32,719
36,999
39,683
42,707
48,590 |
|
New Mexico
New
York
North Carolina
North Dakota
Ohio |
36
2
23
37
3 |
9.9%
12.9%
10.5%
9.8%
12.0% |
$3,031
5,734
3,526
3,421
4,332 |
$30,642
44,571
33,732
34,808
36,054 |
|
Oklahoma
Oregon
Pennsylvania
Rhode
Island
South Carolina |
40
35
24
8
30 |
9.6%
9.9%
10.4%
11.5%
10.2% |
$3,129
3,492
4,057
4,629
3,213 |
$32,661
35,300
38,849
40,331
31,480 |
|
South
Dakota
Tennessee
Texas
Utah
Vermont |
45
47
44
22
10 |
9.2%
8.6%
9.4%
10.5%
11.1% |
$3,177
2,979
3,368
3,261
4,118 |
$34,647
34,568
35,913
30,917
37,025 |
|
Virginia
Washington
West
Virginia
Wisconsin
Wyoming |
41
13
21
7
33 |
9.5%
10.9%
10.6%
11.6%
10.1% |
$4,056
4,334
3,212
4,289
4,120 |
$42,642
39,705
30,317
37,115
40,917 |
|
District of
Columbia |
- |
12.8% |
$8,092 |
$63,044
|
Please note there is an error in the Ohio listing, it should be 12% in the top five listing.
|
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