State And Local Taxes Highest In New York, Lowest In Alaska

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nycNew York state residents have the highest state and local taxes as a percentage of income in the United States, while Alaskans have the lowest tax burden, according to a report on Tuesday by the Tax Foundation.

The nonpartisan research organization found that in fiscal 2010, New York residents paid 12.8 percent of their incomes in the taxes, while in Alaska, the taxes accounted for only 7 percent of incomes. In fiscal 2009, New York ranked just behind New Jersey on the high end of taxes, while Alaska was the lowest.

Read more at THE CHICAGO TRIBUNE

{Matzav.com Newscenter}

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