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24/7 Wall St.: States with the Highest (and Lowest) Taxes

States with the Highest Taxes

2. New Jersey

Taxes paid by residents as pct. of income: 12.4%
Total state and local taxes collected: $51.10 billion (7th highest)
Pct. of total taxes paid by residents: 81.4% (3rd highest)
Pct. of total taxes paid by non-residents: 18.6% (3rd lowest)

Since The Tax Foundation started ranking tax burdens in 1977, New Jersey has always been ranked in the top five states with the heaviest tax burdens. Property tax collections per capita of $2,671 were the highest in the nation. The percentage of New Jersey’s total taxes paid by residents of 81.4% was much higher than that of neighboring New York, at 73.3%. Only Connecticut residents paid more to other states on things like sales and excise taxes than the $1,836 New Jersey residents paid. In 2010, the state collected $1,176 per capita in personal income tax, the seventh most in the country.

(Istock)

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The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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