Income Tax Rates By State Ranking

Compare this with louisiana which has a state income tax rate of anywhere from 2 to 6 percent.
Income tax rates by state ranking. For example texas levies no state income tax but the statewide average property tax rate is 1 86 percent. Scroll down for the complete ranking commentary from a panel of tax experts and a full description of our methodology. Maryland ranks among the top 20 best states for retirement taxes because it doesn t tax social security benefits. 2 34 38 2 78 10 6 36 1 3.
California has the highest capital gains tax rate of 13 30. Tax per 1000. This is the sixth highest property tax rate of any state. When it comes to the individual income tax burden new york has the highest at 4 81.
Its income tax rate is lower than the rate in half of the states and its sales tax is the 12th lowest. Among the 41 states that tax income north dakota has the lowest maximum rate at 2 9. Several states have no income taxes. But property taxes in maryland are.
5 12 2 2 28 25 3 33 28 4. Tax per 1000. 4 60 4 2 47 18 3 50 24 5. 2 94 23 3 61 4 3 64 20 6.
1 state sales tax. Overall rank 1 highest state. Sales and excise taxes. Its state and local tax burden rankings study reported that americans paid an average rate of 9 9 in state and local taxes in 2012.
According to the foundation the five highest state local tax states were. 1 7 on up to 5 500 of taxable income for single filers and 8 000 for joint filers 4 9 on taxable income over 16 000 for single filers and. Tax per 1000. Total tax burden property tax burden individual income tax burden total sales excise tax burden 1.
For higher income taxpayers the capital gain rate at. To illustrate we calculated relative income tax obligations by applying the effective income tax rates in each state and locality to the average american s income. 6 state tax on social security. California has the highest top tax rate topping out at 13 3 but isn t the only one with a double digit.
New york 12 7 connecticut 12 6. These states are nevada washington florida south dakota alaska texas and wyoming. Oregon also has an income tax burden that exceeds 4.