Finance

How Much Are You Paying To Live In Your State?

download (5)
IRS 1040

43 of the 50 states and Washington D.C. require residence to pay state income tax. Where does your state fall on the list?

**All rates are shown are the highest marginal rates for individual income tax. Taxes on other income, state sales tax, and all other tax burdens are not included in the rate shown. Local rates are also not included**

1-7) Alaska, Florida, Texas, Nevada, Wyoming, South Dakota, and Washington all collect a whopping 0% in individual income taxes

8) North Dakota: 2.9%PIT-01

9) Pennsylvania: 3.07%

10) Indiana: 3.3%

11) Illinois: 3.75%

12) Michigan: 4.25%

13) Arizona: 4.54%

14) Kansas: 4.6%

15) Colorado: 4.63

16) New Mexico: 4.9

17) Ohio: 4.997

18-22) Alabama, Mississippi, Oklahoma, Utah, and New Hampshire: 5.0%

23) Massachuttes: 5.1%

24-26) North Carolina, Virginia, and Maryland: 5.75%

27) Rhode Island: 5.99%

28-32) Georiga, Kentucky, Louisiana, Missouri, and Tennessee: 6.0%

33) West Virginia: 6.5%

34) Deleware: 6.6%

35)Nebraska: 6.84%

36-37) Arkansas and Montana: 6.9%

38) Connecticut: 6.99%

39) South Carolina: 7.0%

40) Maine: 7.15%

41) Idaho: 7.4%

42) Wisconsin: 7.65%

43) Hawaii: 8.25%

44) New York: 8.82%

45) Vermont and Washington D.C. : 8.95%

46) New Jersey: 8.97%

47) Iowa: 8.98%

48) Minnesota: 9.85%

49) Oregon: 9.9%

50) California: 13.3

(H/T:http://taxfoundation.org/article/state-individual-income-tax-rates-and-brackets-2016 )

Follow the author on twitter: @derek_muncy”

 

Tell HYPELINE what you think:

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

To Top