Accurate, Focused Research on Law, Technology and Knowledge Discovery Since 2002

24/7 Wall St – States With Highest and Lowest Taxes

“In the U.S. federalist system, each state government decides how to generate revenue — that is, which taxes to collect, and how. No state tax code is identical, and largely as a result, what the average American pays annually in taxes varies from state to state. 24/7 Wall St. reviewed each state’s tax burden — the portion of income that goes to state and local governments taxes — from the report, “Facts & Figures 2017: How Does Your State Compare?” provided by tax policy research organization Tax Foundation.According to the report released Monday, tax burdens in the 2012 tax season were as low as 6.5% in Alaska and as high as 12.7% in New York….”

Sorry, comments are closed for this post.