Connect with us

Hi, what are you looking for?

Uncategorized

U.S. States With the Highest Taxes

via ABC
This article was originally published at StateOfUnion.org. Publications approved for syndication have permission to republish this article, such as Microsoft News, Yahoo News, Newsbreak, UltimateNewswire and others. To learn more about syndication opportunities, visit About Us.

In this article, we peel back the layers of the U.S. tax system, revealing the states where your hard-earned dollars face the biggest deductions. From income and sales taxes to property and excise levies, we’ll uncover the factors contributing to higher tax rates across various states.

New York

Image Credit: via Youtube

Tax burden: 12.47%. Big Apple, even bigger bite from Uncle Sam. New York boasts some of the nation’s highest income taxes, balanced by various deductions and credits, making tax season a complex affair.

Hawaii

Image Credit: via Youtube

Tax burden: 12.31%. Island paradise with a hefty price tag. While sales tax might be moderate, high income taxes and the added cost of living make Hawaii a state where you pay to play.

Maine

Image Credit: via Youtube

Tax burden: 11.14%. Lobster lovers beware, the “Vacationland” tax isn’t just for tourists. Progressive income tax brackets and a high sales tax mean budgeting is key in this scenic state.

Vermont

Image Credit: via Youtube

Tax burden: 10.28%. Land of maple syrup and progressive taxation. With the highest combined state and local sales tax in the country, Vermont also features a progressive income tax, making careful planning crucial.

Connecticut

Image Credit: via Youtube

Tax burden: 9.83%. Nutmeg State squeezes your wallet. Although sales tax is lower, high income taxes and a lack of major deductions make Connecticut a state where careful financial planning is essential.

You May Also Like

Entertainment

This article was originally published at StateOfUnion.org. Publications approved for syndication have permission to republish this article, such as Microsoft News, Yahoo News, Newsbreak,...

Politics

This article was originally published at StateOfUnion.org. Publications approved for syndication have permission to republish this article, such as Microsoft News, Yahoo News, Newsbreak,...

Politics

This article was originally published at StateOfUnion.org. Publications approved for syndication have permission to republish this article, such as Microsoft News, Yahoo News, Newsbreak,...

Media

This article was originally published at StateOfUnion.org. Publications approved for syndication have permission to republish this article, such as Microsoft News, Yahoo News, Newsbreak,...

Entertainment

This article was originally published at StateOfUnion.org. Publications approved for syndication have permission to republish this article, such as Microsoft News, Yahoo News, Newsbreak,...

Media

This article was originally published at StateOfUnion.org. Publications approved for syndication have permission to republish this article, such as Microsoft News, Yahoo News, Newsbreak,...

Media

This article was originally published at StateOfUnion.org. Publications approved for syndication have permission to republish this article, such as Microsoft News, Yahoo News, Newsbreak,...