Key FindingsWhat Are Tax Burdens?Calendar Year 2022 Results: Tax Burden by StateHistorical TrendsConclusion In calendar year 2022, state-local tax burdens are estimated at 11.2 percent of national product.Taxpayers remit taxes to both their home state and to other states, and about 20 percent of state tax revenue comes from nonresidents. Our tax burdens analysis accounts for this tax exporting. In calendar year 2022, state-local tax burdens are estimated at 11.2 percent of national product.Taxpayers remit taxes to both their home state and to other states, and about 20 percent of state tax revenue comes from nonresidents. Our tax burdens analysis accounts for this tax exporting.New Yorkers faced the highest burden, with 15.9 percent of net product in the state going to state and local taxes. Connecticut (15.4 percent) and Hawaii (14.9 percent) followed close behind.On the other end of the spectrum, Alaska (4.6 percent), Wyoming (7.5 percent), and Tennessee (7.6 percent) had the lowest burdens.See moreNew content will be added above the current area of focus upon selectionSee more on taxfoundation.orgBest States for Low Taxes: 50 States Ranked for Taxes, …https://www.kiplinger.com/slideshow/taxes/t054-s001...Dec 27, 2019 ·
Best States for Low Taxes: 50 States Ranked for Taxes, 2019. Income Taxes. We looked at each state’s tax agency, plus this helpful document from the Tax Foundation. Rates and brackets are for the 2018 tax year ...
