"Comparing Lifetime Tax Burdens Across US States"

TL;DR Summary
A new study reveals that the average American pays $524,625 in lifetime taxes, with New Jersey residents facing the highest lifetime tax burden of $987,117, followed by Washington, D.C., Connecticut, and Massachusetts. The lowest-tax state is West Virginia at $358,407. The COVID-19 pandemic has led to a significant migration from high-tax to low-tax states, with Americans considering factors such as income tax, property tax, and cost of living. While low-tax states may lack certain perks, high-tax states often offer better-paying jobs and investment in areas like education and healthcare.
- Which states cost the most in lifetime taxes? USA TODAY
- Do You Wish You Lived in a Low-Tax State? The New York Times
- The states where high-income earners pay the most and least in taxes Business Insider
- Here's how much Americans pay in taxes over their lifetime. And what you pay in DC, Maryland & Virginia FOX 5 DC
- The States With the Highest and Lowest Overall Tax Burdens TheStreet
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
3 min
vs 4 min read
Condensed
88%
758 → 89 words
Want the full story? Read the original article
Read on USA TODAY