A new survey has identified the 10 states where high-income residents spend the smallest percentage of their earnings on state sales and excise, property and income taxes.
Using data from the Institute on Taxation & Economic Policy’s 2015 report, WalletHub generated estimates of the tax burden on residents at three income levels —low $25,000, medium $50,000 and high $150,000 — in each of the 50 states and the District of Columbia.
The research firm found that high-income residents in the following 10 states, listed in descending order, spend the least percentage of their earnings on state taxes.
No. 10
Delaware
6.14 percent of income
No. 9
Alabama
6.03 percent
No. 8
North Dakota
5.70 percent
No. 7
Florida
5.56 percent
No. 6
New Hampshire
5.36 percent
No. 5
South Dakota
5.17 percent
No. 4
Tennessee
4.97 percent
No. 3
Nevada
4.71 percent
No. 2
Wyoming
3.98 percent
No. 1
Alaska
3.43 percent
