Chart of the Day: State Taxes
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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.
Samuel serves as Senior Vice President, Chief Investment Officer for the Crews family of banks. He manages the individual investment holdings of his clients, including individuals, families, foundations, and institutions throughout the State of Florida. Samuel has been involved in banking since 1996 and has more than 20 years experience working in wealth management.
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.