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Paradise lost? This state has the highest tax burden in the country

The Independent·J.R. Duren·about 1 month ago
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Hawaii is famous for its beautiful beaches, balmy weather and … brutal taxes ? That’s the conclusion of a recent study by personal finance site WalletHub, which ranked the island chain No. 1 on its list of states where residents pay the highest taxes relative to their income (or their “tax burden”). Hawaii led the way with residents using 13.30 percent of their income to pay state taxes, followed by New York (12.39 percent); Vermont (11.10 percent); New Mexico (10.75 percent); and Maine (10.01 percent). The Pacific paradise’s polar opposite, Alaska, had the lowest tax burden on the list at 4.92 percent with New Hampshire (5.38 percent), Tennessee (6.21 percent), Florida (6.27 percent) and Delaware (6.28 percent). WalletHub’s rankings were based on the sum of the percentage of income residents paid for property tax, income tax and taxes required for buying retail goods (income tax) and specific goods like alcohol and tobacco (excise tax).…

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