Monday, August 11, 2008

Top 10 Highest and Lowest Taxed States

The Tax Foundation recently released “State-Local Tax Burdens Dip As Income Growth Outpaces Tax Growth,” which also includes a list of the 10 highest and lowest taxed states. Below is the list, along with the individual states tax rates.

Highest:

1. New Jersey: 11.8%

2. New York: 11.7%

3. Connecticut: 11.1%

4. Maryland: 10.8%

5. Hawaii: 10.6%

6. California: 10.5%

7. Ohio: 10.4%

8. Vermont: 10.3%

9. Wisconsin: 10.2%

10. Rhode Island: 10.2%

Lowest:

1. Alaska: 6.4%

2. Nevada: 6.6:

3. Wyoming: 7.0%

4. Florida: 7.4%

5. New Hampshire: 7.6%

6. South Dakota: 7.9%

7. Tennessee: 8.3%

8. Texas: 8.4%

9. Louisiana: 8.4%

10. Arizona: 8.5%.

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