Tag Archives: Tax Burden

State-Local Tax Burdens — How Does Yours Compare?

Investor’s Business Daily, , 1/27/2016

Newscom

 

Which states have the heaviest tax burdens? The lightest tax burdens?

And where does your state rank?

Residents of New York tote the heaviest tax load. Residents of the Empire State paid an average of 12.7% of their income in combined state and local taxes, according to the latest annual compilation of combined state and local tax loads by the nonpartisan Tax Foundation.

Continue reading →