New Yorkers have it the worst, Forbes said.
1. New York
- State and local tax burden: 12.60%
- Effective state tax rate ($50,000 taxable income): 5.46%
- Highest tax bracket: $1,115,850
- Rate at highest tax bracket: 8.82%
- Per Capita Income: $52,417
New Jersey was second -- at only 30 hundredths of a percent less than New York.
2. New Jersey
- State and local tax burden: 12.30%
- Effective state tax rate ($50,000 taxable income): 2.54%
- Highest tax bracket: $500,000
- Rate at highest tax bracket: 8.97%
- Per Capita Income: $54,422
- And Connecticut rounded out the NY Metro region at third:
3. Connecticut
- State and local tax burden: 11.90%
- Effective state tax rate ($50,000 taxable income): 4.60%
- Highest tax bracket: $250,000
- Rate at highest tax bracket: 6.70%
- Per Capita Income: $60,287
California came in at No. 4.
Forbes based its analysis on an average taxable income of $50,000, and obtained 2015 tax data from the Tax Foundation, a nonpartisan think tank that tracks tax policy, based in Washington, D.C.
CLICK HERE to read the full study.
Click here to follow Daily Voice Fort Lee and receive free news updates.