The OECD released their Revenue Statistics publication for 2015 this week, revealing the total tax revenue as a percent of GDP of the OECD countries has risen by 10 bases points. The increased tax revenue was driven by...
- Release of Annual State-Local Tax Burdens Rankings
Release of Annual State-Local Tax Burdens Rankings
This morning, we released our Annual State-Local Tax Burdens Rankings which estimates the combined state and local tax burden shouldered by the residents of each state, regardless of the jurisdiction to which those taxes are paid. Using the most up-to-date data available, the report examines the state-local tax burdens in each of the 50 states in 2011.
New Yorkers had the highest burden, paying 12.6% of their collective income in state and local taxes. New Jersey (12.3%) and Connecticut (11.9%) came in 2nd and 3rd, respectively.
On the other end of the spectrum, Wyoming (6.9%), Alaska (7.0%), and South Dakota (7.1%) have the lowest burdens.
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