Saturday, January 23, 2016

Highest State And Local Tax Burdens Are In Blue States, Lowest Are In Red States

TaxProf Blog:

Highest State And Local Tax Burdens Are In Blue States, Lowest Are In Red States

"During the 2012 fiscal year, state-local tax burdens as a share of state incomes decreased on average across the U.S.
Average income increased at a faster rate than tax collections, driving down state-local tax burdens on average.
New Yorkers faced the highest burden, with 12.7 percent of income in the state going to state and local taxes. Connecticut (12.6 percent) and New Jersey (12.2 percent) followed closely behind. On the other end of the spectrum, Alaska (6.5 percent), South Dakota (7.1 percent) and Wyoming (7.1 percent) had the lowest burdens."
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