Which are the US states that pay the most and the least taxes?

2023-02-16T16:59:56.629Z

If you plan to move or go to live in another state, it can be decisive to make a decision to know how much taxes are paid in that place.

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(CNN Spanish) --

The 2023 tax season is underway in the United States: what you have to pay will depend on factors such as your income and marital status and also the state in which you live, since the differences within the territory are significant .

If you plan to move or go to live in another state, it can be decisive to make a decision to know how much taxes are paid in that place.

“Taxes are a very important factor that determines where we decide to live, because I don't like to pay a lot of taxes if I don't have adequate services.

There are academic studies that show that tax changes determine where individuals live," economist Paul Carrillo of George Washington University told CNN.

In which US state do you pay the most (and the least) taxes?

To find out in which states more or less taxes are paid, you need to know what the state's tax rate is.

Depending on that rate and your income, you will have to pay one percentage or another.

According to the latest available report from the Tax Foundation—a group of tax policy experts—corresponding to the year 2022, the 10 states with the highest tax burdens are:

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1. New York (15.9%)

2. Connecticut (15.4%)

3. Hawaii (14.1%)

4. Vermont (13.6%)

5. California (13.5%);

6. New Jersey (13.2%)

7.Illinois (12.9%)

8.Virginia (12.5%)

9. Delaware (12.4%)

10. Maine (12.4%)

On the other hand, the states with the lowest tax rates are:

1. Alaska (4.6%)

2.Wyoming (7.5%)

3.Tennessee (7.6%)

4. South Dakota (8.4%)

5.Michigan (8.6%)

6. Texas (8.6%)

7. North Dakota (8.8%)

8. Georgia (8.9%)

9. South Carolina (8.9%)

10. Oklahoma (9.0%)

The percentages equal the net proceeds that the state spent on state and local taxes.

The Tax Foundation report measures the burden imposed on each state's residents based on all state and local taxes.

Among them is the personal income tax, sales (

Sales Tax

) and property (

Property Tax

According to the IRS, 43 states and many local municipalities require their residents to pay a tax on their personal income (or income).

This tax depends on the amount of income and the tax rate of the state or locality where you reside.

The nine states that do not apply this income tax to their residents are Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming.

However, states with lower income taxes can even the balance with sales (goods and services) or property (real estate) taxes, among others.