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You lose more of your salary to taxes than anyone else in the country

If you live in New York state, that is
Posted at 7:36 AM, Apr 03, 2019
and last updated 2019-04-03 07:36:50-04

(WKBW) — It's tough to make ends meet when you're losing more of your personal income to state and local taxes than all other Americans.

Wallethub just released a report on tax burdens by state for 2019.

Topping the list: New York.

Source: WalletHub</div>

To come up with the numbers, Wallethub compared the 50 states across the three tax types of state tax burdens: property taxes, individual income taxes and sales and excise taxes.

The Empire State was ranked as follows:

  • Highest total tax burden (12.97% of what New Yorkers make is paid out to state and local taxes)
  • Highest individual income tax burden (4.81%)
  • Sixth-highest property tax burden (4.57%)
  • 21st-highest total sales and excise tax burden (3.59%)