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2020 Tax Burden By State and Tax Facts – WalletHub Study

With Tax Day delayed to July 15 due to the coronavirus pandemic, the personal-finance website WalletHub today released its 2020 Tax Burden by State report, as well as accompanying videos, along with its 2020 Tax Facts infographic.

In order to determine which states tax their residents most aggressively, WalletHub compared the 50 states based on the three components of state tax burden — property taxes, individual income taxes, and sales and excise taxes — as a share of total personal income.

States with Highest Tax Burdens (%) States with Lowest Tax Burdens (%)
1. New York (12.28%) 41. South Carolina (7.48%)
2. Hawaii (11.48%) 42. Alabama (7.36%)
3. Vermont (10.73%) 43. Montana (7.22%)
4. Maine (10.57%) 44. Oklahoma (6.94%)
5. Minnesota (10.19%) 45. New Hampshire (6.85%)
6. Connecticut (9.99%) 46. Florida (6.82%)
7. New Jersey (9.88%) 47. Wyoming (6.47%)
8. Rhode Island (9.84%) 48. Tennessee (6.18%)
9. Illinois (9.62%) 49. Delaware (5.52%)
10. Iowa (9.53%) 50. Alaska (5.16%)

Key Stats – Tax Facts Infographic

To view the full report and your state’s rank, please visit:
https://wallethub.com/edu/states-with-highest-lowest-tax-burden/20494/

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