Tag:

Excise Tax

National Interest
NY Taxpayers Face Second-Largest Burden In US, Study Finds NY Taxpayers Face Second-Largest Burden In US, Study Finds
NY Taxpayers Face Second-Largest Burden In US, Study Finds Several Northeast states are among the most heavily taxed in the country, according to a new study, WalletHub released its 2026 Tax Burden by State report on Tuesday, March 31. The study compared all 50 states based on how much of residents' total personal income goes toward property taxes, individual income taxes, and sales and excise taxes. The personal finance website's report was published before Tax Day, which falls on Wednesday, April 15. "It's easy to be dismayed at tax time when you see just how much of your income you lose," said WalletHub analyst Chip Lupo. "Living in a stat…

SHARE

by Chris Spiker
National Interest
New Yorkers Face Nation's Second-Largest Tax Burden, New Study Says New Yorkers Face Nation's Second-Largest Tax Burden, New Study Says
New Yorkers Face Nation's Second-Largest Tax Burden, New Study Says Taxpayers in the Northeast are carrying some of the heaviest financial burdens in the country, according to a new study unveiled ahead of the 2025 filing deadline. WalletHub released its 2025 list of tax burdens by state on Tuesday, April 1. The study compared all 50 states by analyzing how much of each state's total personal income went to property taxes, individual income taxes, and sales and excise taxes. New York has the second-highest overall tax burden in the US, only lower than Hawaii. The Empire State also ranked first for individual income tax burden, with residents hand…

SHARE

by Chris Spiker