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

States with the Lowest Taxes

4. Louisiana

Taxes paid by residents as pct. of income: 7.8%
Total state and local taxes collected: $16.15 billion (24th highest)
Pct. of total taxes paid by residents: 53.1% (4th lowest)
Pct. of total taxes paid by non-residents: 46.9% (4th highest)

The tax burden on Louisiana residents fell from 8.2% in 2009 to 7.8% in 2010. Property taxes were low, at just $698 per capita. Sales taxes of 4% also ranked below the national median of 6%. While the state’s top income tax rate of 6% as high, this rate kicked in only for income above $50,000. Total income tax collections in Louisiana came to just over $500 per person in 2010, compared to a national rate of $767 per person.

(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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