Americans' state and local taxes vary, sometimes significantly, depending on where they live. WalletHub, the personal finance website, sought to find out how high states tax their citizens by measuring the proportion of total personal income that residents pay toward state and local taxes to arrive at an overall tax burden for each state. Researchers compared the 50 states across the three tax types of state taxes — property taxes, individual income taxes, and sales and excise taxes — as a share of total personal income in the state. They found that the highest and lowest state taxes differ by more than seven percentage points. WalletHub released the results along with a list of facts about this year's tax landscape. See the gallery for the 12 states with the biggest taxes.
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Michael S. Fischer
Michael S. Fischer is a longtime contributing writer for ThinkAdvisor. He previously reported on trade and intellectual property topics for the Economist Intelligence Unit and covered the hedge fund industry for MARHedge and Reuters News Service.
