It wasn’t exactly a nail-biting race to the finish, but the Fiscal Times has released their 2014 state tax rankings and New York comes out on top … as the worst state in the nation for taxes iphone mail anhänge nicht herunterladen.
Top State Income Tax Rate: 8.82 percent
Sales tax: 4 percent
Property taxes per capita: $2,280
The Empire State takes the prize as the worst state for taxes, thanks to its high individual tax rate and relatively high sales tax herunterladen. New York is in a virtual tie with neighboring New Jersey, though the former state gets the bottom spot because its individual income tax suffers from such high rates and narrow bases, according to the Tax Foundation internet explorer voor ipaden. New York Governor Andrew Cuomo has announced the formation of a tax relief commission to look for ways to transform the state’s onerous tax code.
Runner-up in the tax rankings is Chris Christie’s New Jersey:
Top State Income Tax Rate: 8.97 percent
Sales tax: 7 percent
Property taxes per capita: $2,819
The Garden State scores poorly in almost every tax category, and it’s almost tied with New York for the dubious honor of being the worst state in the country for taxes herunterladen. New Jersey’s per capita property tax is the most onerous in the country. The state has also scaled back a property tax relief program that provided rebates to homeowners struggling to pay taxes on their homestead panorama foto gratisen.
The report indicates that 5 out of the 6 highest taxed states are controlled by Democrat governors. The lone Republican is the aforementioned Christie audible mp3 herunterladen.