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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

 

 

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