Moneymoney

Tue Mar 5, 2019, 09:16 AM

taxes 2019: where you'll pay the least, the most, in state taxes

https://www.usatoday.com/story/money/personalfinance/2019/03/05/taxes-2019-where-income-sales-and-property-tax-highest-us/39124869/

Where you'll pay the most – and least – on state and local taxes in the US

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The article, which is pretty long, breaks things down into details, state by state.

Predictably, of the most taxing 16 states, 15 of them are blue states, although I dispute that Wisconsin is a red state, in which case it'd be 16 of 16.

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Reply taxes 2019: where you'll pay the least, the most, in state taxes (Original post)
imwithfred Mar 5 OP
uncledad Mar 5 #1

Response to imwithfred (Original post)

Tue Mar 5, 2019, 02:14 PM

1. If you want to dial in, here are two examples of red and purple States

27. Virginia
• Taxes paid as percentage of income: 9.3 percent
• Income per capita: $55,105 (11th highest)
• Income tax collections per capita: $1,454 (9th highest)
• Property tax collections per capita: $1,520 (18th highest)
• General sales tax collections per capita: $467 (6th lowest)


HIGHLIGHTS
Between fiscal years 2015 and 2016, total government spending in Virginia increased by approximately $2.1 billion—from $47.1 billion in fiscal year 2015 to an estimated $49.2 billion in 2016. This represents a 4.5-percent increase.
In Virginia in fiscal year 2015, 61.2 percent of total tax revenues came from income taxes.
Education accounted for 30.9 percent of state expenditures in fiscal year 2015, while 17.5 percent went to Medicaid.

Virginia had a debt of $28,231,613,000 in fiscal year 2015.

what share of Virginia’s general revenues came from the federal government in 2014. That year, Virginia received approximately $9.5 billion in federal aid, 22.8 percent of the state's general revenues.

https://ballotpedia.org/Virginia_state_budget_and_finances

20. North Carolina
• Taxes paid as percentage of income: 9.8 percent
• Income per capita: $44,222 (13th lowest)
• Income tax collections per capita: $1,186 (12th highest)
• Property tax collections per capita: $952 (10th lowest)
• General sales tax collections per capita: $708 (19th lowest)


HIGHLIGHTS
Between fiscal years 2015 and 2016, total government spending in North Carolina increased by approximately $0.6 billion—from $43.8 billion in fiscal year 2015 to an estimated $44.4 billion in 2016. This represents a 1.3-percent increase.
In North Carolina in fiscal year 2015, 50.0 percent of total tax revenues came from income taxes.
Education accounted for 36.7 percent of state expenditures in fiscal year 2015, while 31.5 percent went to Medicaid.

North Carolina had a debt of $17,463,787,000 in fiscal year 2015

what share of North Carolina’s general revenues came from the federal government in 2014. That year, North Carolina received approximately $15.4 billion in federal aid, 32.7 percent of the state's general revenues.

https://ballotpedia.org/North_Carolina_state_budget_and_finances

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