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Tuesday, April 2, 2019
Hawaii--2nd Highest State Tax Burden in USA
By Selected News Articles @ 1:51 PM :: 4917 Views :: Hawaii Statistics, Taxes

2019’s Tax Burden by State

From Wallet Hub, April 2, 2019

On April 15, Uncle Sam will once again take his cut of the past year’s earnings. And many taxpayers are already wondering how that will affect their finances. However, since the tax code is so complicated and has rules based on individual household characteristics, it’s hard for the average person to tell. And with a new tax code taking effect this year, this year’s taxes will be quite different than last year’s.

One simple ratio known as the “tax burden” helps cut through the confusion. Unlike tax rates, which vary widely based on an individual’s circumstances, tax burden measures the proportion of total personal income that residents pay toward state and local taxes. And it isn’t uniform across the U.S., either.

To determine the residents with the biggest tax burdens, WalletHub compared the 50 states across the three tax types of state tax burdens — property taxes, individual income taxes and sales and excise taxes — as a share of total personal income in the state….

For more fun (or not so fun) facts about 2019’s tax landscape, check out WalletHub’s Tax Day Facts infographic….

read … 2019’s Tax Burden by State

  • 2--Overall Rank (1=Highest)
  • 11.71% -- Total Tax Burden (%)
  • 2.24% -- Property Tax Burden (%) – 39th-
  • 2.01% -- Individual Income Tax Burden (%) -- 9th
  • 6.56% -- Total Sales & Excise Tax Burden (%) –1st
  • 1 – Highest Total Sales and Excise Taxes as % of personal Income
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