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

States with the Highest Taxes

5. Wisconsin

Taxes paid by residents as pct. of income: 11.1%
Total state and local taxes collected: $24.39 billion (16th highest)
Pct. of total taxes paid by residents: 77.7% (8th highest)
Pct. of total taxes paid by non-residents: 22.3% (8th lowest)

Wisconsin’s heavy tax burden on residents comes from the state’s tax structure. The Milwaukee Journal Sentinel noted in 2010 that the Wisconsin relies heavily on property and income taxes since it doesn’t collect as much in user fees such as tolls and garbage collection rates. Because property taxes were the same rate across the state a larger share of the tax burden was placed on middle-income homeowners compared to states where the wealthy have higher tax burdens. Meanwhile, Wisconsin’s cigarette and gas excise taxes were both among the 10 highest in the U.S.

(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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