50949_WKBW_7_Problem_Solvers_658x90.png

Actions

New Yorkers pay more taxes than anywhere else in the country

Posted at 4:56 PM, Feb 20, 2018
and last updated 2018-02-20 16:56:58-05

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). 

See the complete list here

Take WKBW Everywhere, on all your devices.  Download below!

Phone or Tablet: Apple, Android
Set-top Device: Roku, Apple TV, Amazon Fire TV
Amazon Alexa

Personalize your news, get the latest 7 First Alert Forecast, and watch 7 Eyewitness News video wherever, whenever.

Learn more here about what 7 Eyewitness News provides on all these devices.