With homeowners in blue states bracing for a higher federal tax burden now that their mortgage interest and property tax deductions have been capped thanks to the Trump tax reform plan, many are being reminded that this added burden comes on top of already disproportionately high taxes in many states - particularly on east coast (though California also struggles with a notoriously high tax burden).
A new analysis by the Tax Foundation revealed the five states with the highest per capita tax burden. While Washington, D.C.’s per-capita tax burden ($10,841) is higher than in any state, the five states with the highest tax burden per capita are New York ($8,957), Connecticut ($7,220), New Jersey ($6,709), North Dakota ($6,630), and Massachusetts ($6,469).
The states with the lowest tax burden per capita are Alabama ($3,206), Tennessee ($3,322), South Carolina ($3,435), Oklahoma ($3,458), and Florida ($3,478).
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DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
i lost $3K due to marylands taxes! way to go commmies!
ReplyDeleteI lost 40,000 due to MD and Obama. MD is ranked #9. That's high folks. Reason Ioved to Florida. Got tired of paying high taxes, high water bills, and HOA fees without any representation or documentation. You folks out there know who I am talking about.
ReplyDelete