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Top 10 States With the Highest Taxes - The Cheat Sheet

Top 10 States With the Highest Taxes - The Cheat Sheet

 

 

http://www.cheatsheet.com/business/top-10-states-with-the-highest-taxes.html/?a=viewall#ixzz3jzTnL85x

Jun 27, 2015  Eric McWhinnie  Google+  Twitter

 

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Taxpayers in the states with the highest taxes pay four times more than those in the states with the lowest taxes. We previously took a look at the states with the lowest taxes – now, let’s take a look at the 10 states with the highest state and local taxes, according to WalletHub.

4. Connecticut

  • Average Annual State and Local Taxes: $9,099
  • Difference from National Average: 31 percent
  • Adjusted Rank by Cost of Living: 49

Connecticut ranks as the fourth worst state for taxpayers, with the average burden totaling $9,099. In comparison, Rhode Island is slightly better than average with an average tax bill of $6,905. Interestingly, a new report by Connecticut’s Department of Revenue Services finds that the 725,202 households that earn up to $48,000 a year paid $3.5 billion to state and local governments, while the 4,003 households with income of more than $2 million paid $1.9 billion. The report is to be used as a tool on tax policy and not necessarily a judgment to condemn the wealthy.


Read more: http://www.cheatsheet.com/business/top-10-states-with-the-highest-taxes.html/?a=viewall#ixzz3jzTnL85x