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Chart of the Day: State Taxes

Crews Bank & Trust Wealth Management Services Jul 2, 2024
A map of the United States displaying the percentage of personal income paid toward state and local taxes by state in 2024. States with the highest tax percentages are depicted in dark red, while those with the lower percentages transition through shades of orange to yellow.

Contents

Today’s Chart of the Day is from Visualcapitalist.com and shows the percentage of personal income paid toward state and local taxes by state in 2024.

The lowest is Alaska at 4.9% (due to all the revenue the state receives from energy production taxes) and the highest is New York at 12.0%.Florida is 6.1% and is tied with Tennessee as the third lowest in the US.
Chart of the Day

About the Author

Crews Bank & Trust Wealth Management Services
Crews Bank & Trust Wealth Management Services

Experienced professionals from our wealth management services team can help you achieve a bright financial future through investment strategies tailored to you. We’ll show you all of the options available and help you choose the ones best suited to you. We’ll provide high-quality, personal service as we work toward your goals together. Our Portfolio Managers do not receive commissions on trades; our recommendations of investments are based solely on your best interests.

Investments are not a deposit or other obligation of, or guaranteed by, the bank, are not FDIC insured, not insured by any federal government agency, and are subject to investment risks, including possible loss of principal.

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