Chart of the Day

Chart of the Day: State Taxes

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.