Glenn Reynolds links to the news at Yahoo Finance: States Where People Pay the Most (and Least) in Taxes.
2. New York
Taxes paid by residents as pct. of income: 12.1%
Total state and local taxes collected: $243.9 billion
Pct. of total taxes paid by residents: 71.4%
Pct. of total taxes paid by non-residents: 28.6%
Additionally, the state has exceptionally high property tax rates. According to the Census Bureau, the top ten counties in the U.S. with the highest property taxes as a percentage of home values are all in New York.
New Jersey still has the lead, but the Garden State better watch its back...
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