New York is overwhelmed with people like clo and zzfart - leaches who take far more than they provide. It needs to figure out, as Maine has, that some people aren't worth saving. Cut the taxes... cut the benefits... and get rid of the rot. That's the way back to health. Sooner or later New York will cut these people off.
December 27, 2017
Best And Worst States For Taxes
Erin Carlyle Erin Carlyle
Forbes Staff
No. 50: New York
State and local tax burden: 12.60%
Effective state tax rate ($50,000 taxable income): 5.46%
Highest tax bracket: $1,115,850
Rate at highest tax bracket: 8.82%
Per Capita Income: $52,417
No. 49: New Jersey
State and local tax burden: 12.30%
Effective state tax rate ($50,000 taxable income): 2.54%
Highest tax bracket: $500,000
Rate at highest tax bracket: 8.97%
Per Capita Income: $54,422
No. 48: Connecticut
State and local tax burden: 11.90%
Effective state tax rate ($50,000 taxable income): 4.60%
Highest tax bracket: $250,000
Rate at highest tax bracket: 6.70%
Per Capita Income: $60,287
No. 47: California
State and local tax burden: 11.40%
Effective state tax rate ($50,000 taxable income): 4.34%
Highest tax bracket: $1,000,000
Rate at highest tax bracket: 13.30%
Per Capita Income: $45,254
No. 46: Wisconsin
State and local tax burden: 11.00%
Effective state tax rate ($50,000 taxable income): 5.68%
Highest tax bracket: $240,190
Rate at highest tax bracket: 7.65%
Per Capita Income: $40,741
No. 45: Minnesota
State and local tax burden: 10.70%
Effective state tax rate ($50,000 taxable income): 6.20%
Highest tax bracket: $154,950
Rate at highest tax bracket: 9.85%
Per Capita Income: $45,552
No. 44: Maryland
State and local tax burden: 10.60%
Effective state tax rate ($50,000 taxable income): 4.65%
Highest tax bracket: $250,000
Rate at highest tax bracket: 5.75%
Per Capita Income: $52,805
No. 43: Rhode Island
State and local tax burden: 10.50%
Effective state tax rate ($50,000 taxable income): 3.75%
Highest tax bracket: $137,650
Rate at highest tax bracket: 5.99%
Per Capita Income: $44,367
No. 42: Vermont
State and local tax burden: 10.50%
Effective state tax rate ($50,000 taxable income): 4.40%
Highest tax bracket: $405,100
Rate at highest tax bracket: 8.95%
Per Capita Income: $41,634
No. 41: Pennsylvania
State and local tax burden: 10.30%
Effective state tax rate ($50,000 taxable income): 3.07%
Highest tax bracket: Flat
Rate at highest tax bracket: 3.07%
Per Capita Income: $42,268
No. 40: Massachusetts
State and local tax burden: 10.30%
Effective state tax rate ($50,000 taxable income): 5.15%
Highest tax bracket: Flat
Rate at highest tax bracket: 5.15%
Per Capita Income: $54,321
No. 39: Arkansas
State and local tax burden: 10.30%
Effective state tax rate ($50,000 taxable income): 5.02%
Highest tax bracket: $35,099
Rate at highest tax bracket: 6.90%
Per Capita Income: $33,182
No. 38: Illinois
State and local tax burden: 10.20%
Effective state tax rate ($50,000 taxable income): 3.75%
Highest tax bracket: Flat
Rate at highest tax bracket: 3.75% of federal adjusted gross income with modifications
Per Capita Income: $45,664
No. 37: Maine
State and local tax burden: 10.20%
Effective state tax rate ($50,000 taxable income): 6.67%
Highest tax bracket: $20,899
Rate at highest tax bracket: 7.95%
Per Capita Income: $37,701
No. 36: Delaware
State and local tax burden: 10.10%
Effective state tax rate ($50,000 taxable income): 4.78%
Highest tax bracket: $60,000
Rate at highest tax bracket: 6.60%
Per Capita Income: $41,521
No. 35: Oregon
State and local tax burden: 10.10%
Effective state tax rate ($50,000 taxable income): 8.53%
Highest tax bracket: $125,000
Rate at highest tax bracket: 9.90%
Per Capita Income: $38,219
No. 34: North Carolina
State and local tax burden: 9.80%
Effective state tax rate ($50,000 taxable income): 5.75%
Highest tax bracket: Flat
Rate at highest tax bracket: 5.75%
Per Capita Income: $36,195
No. 33: Ohio
State and local tax burden: 9.70%
Effective state tax rate ($50,000 taxable income): 2.60%
Highest tax bracket: $208,500
Rate at highest tax bracket: 5.33%
Per Capita Income: $38,073
No. 32: West Virginia
State and local tax burden: 9.70%
Effective state tax rate ($50,000 taxable income): 4.35%
Highest tax bracket: $60,000
Rate at highest tax bracket: 6.50%
Per Capita Income: $32,708
No. 31: Hawaii
State and local tax burden: 9.60%
Effective state tax rate ($50,000 taxable income): 6.76%
Highest tax bracket: $200,000
Rate at highest tax bracket: 11.00%
Per Capita Income: $44,255
No. 30: Michigan
State and local tax burden: 9.60%
Effective state tax rate ($50,000 taxable income): 4.25%
Highest tax bracket: Flat
Rate at highest tax bracket: 4.25% of federal adjusted gross income with modification
Per Capita Income: $36,641
No. 29: Indiana
State and local tax burden: 9.50%
Effective state tax rate ($50,000 taxable income): 3.30%
Highest tax bracket: Flat
Rate at highest tax bracket: 3.3% of federal adjusted gross income with modifications
Per Capita Income: $35,592
No. 28: Kentucky
State and local tax burden: 9.50%
Effective state tax rate ($50,000 taxable income): 5.43%
Highest tax bracket: $75,000
Rate at highest tax bracket: 6.00%
Per Capita Income: $33,435
No. 27: Idaho
State and local tax burden: 9.50%
Effective state tax rate ($50,000 taxable income): 6.91%
Highest tax bracket: $10,717
Rate at highest tax bracket: 7.40%
Per Capita Income: $33,741
No. 26: Nebraska
State and local tax burden: 9.40%
Effective state tax rate ($50,000 taxable income): 5.18%
Highest tax bracket: $29,000
Rate at highest tax bracket: 6.84%
Per Capita Income: $42,281
No. 25: Kansas
State and local tax burden: 9.40%
Effective state tax rate ($50,000 taxable income): 4.03%
Highest tax bracket: $15,000
Rate at highest tax bracket: 4.60%
Per Capita Income: $40,913
No. 24: Washington
State and local tax burden: 9.40%
Effective state tax rate ($50,000 taxable income): 0.00%
Highest tax bracket: None
Rate at highest tax bracket: 0.00%
Per Capita Income: $46,456
No. 23: Utah
State and local tax burden: 9.40%
Effective state tax rate ($50,000 taxable income): 5.00%
Highest tax bracket: Flat
Rate at highest tax bracket: 5.00%
Per Capita Income: $35,224
No. 22: Iowa
State and local tax burden: 9.30%
Effective state tax rate ($50,000 taxable income): 5.70%
Highest tax bracket: $69,255
Rate at highest tax bracket: 8.98%
Per Capita Income: $40,147
No. 21: Virginia
State and local tax burden: 9.20%
Effective state tax rate ($50,000 taxable income): 5.24%
Highest tax bracket: $17,000
Rate at highest tax bracket: 5.75%
Per Capita Income: $48,498
No. 20: Florida
State and local tax burden: 9.20%
Effective state tax rate ($50,000 taxable income): 0.00%
Highest tax bracket: None
Rate at highest tax bracket: 0.00%
Per Capita Income: $40,296
No. 19: Colorado
State and local tax burden: 9.00%
Effective state tax rate ($50,000 taxable income): 4.63%
Highest tax bracket: Flat
Rate at highest tax bracket: 4.63% of federal taxable income
Per Capita Income: $46,767
No. 18: Missouri
State and local tax burden: 9.00%
Effective state tax rate ($50,000 taxable income): 5.55%
Highest tax bracket: $9,000
Rate at highest tax bracket: 6.00%
Per Capita Income: $37,651
No. 17: Arizona
State and local tax burden: 8.90%
Effective state tax rate ($50,000 taxable income): 3.06%
Highest tax bracket: $150,000
Rate at highest tax bracket: 4.54%
Per Capita Income: $35,889
No. 16: Georgia
State and local tax burden: 8.80%
Effective state tax rate ($50,000 taxable income): 5.62%
Highest tax bracket: $7,000
Rate at highest tax bracket: 6.00%
Per Capita Income: $36,611
No. 15: North Dakota
State and local tax burden: 8.80%
Effective state tax rate ($50,000 taxable income): 1.50%
Highest tax bracket: $405,100
Rate at highest tax bracket: 3.22%
Per Capita Income: $46,218
No. 14: New Mexico
State and local tax burden: 8.60%
Effective state tax rate ($50,000 taxable income): 4.34%
Highest tax bracket: $16,000
Rate at highest tax bracket: 4.90%
Per Capita Income: $35,328
No. 13: Montana
State and local tax burden: 8.60%
Effective state tax rate ($50,000 taxable income): 5.81%
Highest tax bracket: $17,000
Rate at highest tax bracket: 6.90%
Per Capita Income: $36,407
No. 12: Oklahoma
State and local tax burden: 8.50%
Effective state tax rate ($50,000 taxable income): 4.83%
Highest tax bracket: $8,700
Rate at highest tax bracket: 5.25%
Per Capita Income: $37,617
No. 11: Mississippi
State and local tax burden: 8.40%
Effective state tax rate ($50,000 taxable income): 4.70%
Highest tax bracket: $10,000
Rate at highest tax bracket: 5.00%
Per Capita Income: $31,067
No. 10: Alabama
State and local tax burden: 8.30%
Effective state tax rate ($50,000 taxable income): 4.92%
Highest tax bracket: $3,000
Rate at highest tax bracket: 5.00%
Per Capita Income: $34,763
No. 9: South Carolina
State and local tax burden: 8.30%
Effective state tax rate ($50,000 taxable income): 6.02%
Highest tax bracket: $14,400
Rate at highest tax bracket: 7.00%
Per Capita Income: $33,603
No. 8: Nevada
State and local tax burden: 8.10%
Effective state tax rate ($50,000 taxable income): 0.00%
Highest tax bracket: None
Rate at highest tax bracket: 0.00%
Per Capita Income: $39,947
No. 7: New Hampshire
State and local tax burden: 8.00%
Effective state tax rate ($50,000 taxable income): Flat 5% on interest and dividend income only.
Highest tax bracket: Flat
Rate at highest tax bracket: Flat 5% on interest and dividend income only.
Per Capita Income: $47,349
No. 6: Tennessee
State and local tax burden: 7.60%
Effective state tax rate ($50,000 taxable income): 6.00% on DIVIDEND and INTEREST income only
Highest tax bracket: Flat
Rate at highest tax bracket: 6.00% (on dividends and income only)
Per Capita Income: $36,525
No. 5: Louisiana
State and local tax burden: 7.60%
Effective state tax rate ($50,000 taxable income): 3.50%
Highest tax bracket: $50,000
Rate at highest tax bracket: 6.00%
Per Capita Income: $37,889
No. 4: Texas
State and local tax burden: 7.50%
Effective state tax rate ($50,000 taxable income): 0.00%
Highest tax bracket: None
Rate at highest tax bracket: 0.00%
Per Capita Income: $41,269
No. 3: South Dakota
State and local tax burden: 7.10%
Effective state tax rate ($50,000 taxable income): 0.00%
Highest tax bracket: None
Rate at highest tax bracket: 0.00%
Per Capita Income: $43,212
No. 2: Alaska
State and local tax burden: 7.00%
Effective state tax rate ($50,000 taxable income): 0.00%
Highest tax bracket: None
Rate at highest tax bracket: 0.00%
Per Capita Income: $47,354
No. 1: Wyoming
State and local tax burden: 6.90%
Effective state tax rate ($50,000 taxable income): 0.00%
Highest tax bracket: None
Rate at highest tax bracket: 0.00%
Per Capita Income: $50,805
http://www3.forbes.com/business/best-and-worst-states-for-taxes/2/
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