Summary
Research from WalletHub shows large differences in the tax burden across U.S. states. Hawaii has the highest tax burden, while Alaska has the lowest. Tax burdens are calculated based on property, income, and sales and excise taxes.
Key Facts
- WalletHub determines tax burden by looking at property, income, and sales taxes as a percentage of income.
- Hawaii has the highest tax burden at 13.3% of income.
- Alaska has the lowest tax burden at 4.9% because it does not charge income tax.
- Oregon has the highest burden from income taxes at 4.8%.
- Vermont has the highest property tax burden, at 4.9% of income.
- Hawaii's sales tax burden is the highest in the nation at 7.5%.
- New Hampshire has the lowest sales and excise tax burden, with no general sales tax.
- An estimated $335 billion in tax refunds will be distributed by June, an 11% increase from last year.
