Ranking the Most Tax-Burdened States in America
Originally Published 2 years ago — by CBS News
A new report from WalletHub shows that taxpayers in some states carry a far heavier burden than others, with residents of states with the highest taxes forking over double their share of annual income as those in the lowest taxed ones. Researchers calculated residents' tax burden by adding up three types of tax types: property taxes, individual income taxes, and sales and excise taxes. Alaska has the lowest overall tax burden at 5.06%, while New York has the highest at 12.47%.