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
- Americans spend 8 billion hours doing taxes each year. The average person spends 11 hours and $210 completing his or her 1040.
- 90% of tax returns are expected to be filled electronically. The average refund in 2020 is $2,769, as of 6/5/2020.
- Nearly one-third of people (30%) say making a math mistake as well as not having enough money (30%) are their biggest Tax Day fears, edging out identity theft (21%) and getting audited (19%).
- 37% of Americans would move to a different country and 26% would get an “IRS” tattoo for a tax-free future.
- 50% of people would rather do jury duty than their taxes. Nearly 1 in 5 would prefer talking to their kids about sex. More than 10% would swim with sharks, spend the night in jail and drink expired milk.
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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