New Yorkers pay more taxes than anywhere else in the country

Posted at 4:56 PM, Feb 20, 2018

New York is home to Lady Liberty, the mighty Niagara Falls, and the highest taxes in the land.

According to a new report from 24/7 Wall Street, the tax burden of residents in New York - the portion of income that goes directly to state and local taxes - is 12.7 percent. That puts the Empire State just ahead of New Jersey (12.2 percent) and Connecticut (12.6 percent). 

When factoring in higher incomes in New York City, New Yorkers as a whole earn more than most Americans. The state's per capita income is $59,563, the fourth highest in the nation, according to the analysis. Income tax collections per capita is the second highest at $2,208. 

Alaskans have the lowest tax burden in the country at 6.5 percent, followed by Wyoming and South Dakota (7.1 percent), Tennessee (7.3 percent) and Louisiana (7.6 percent). 

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