NEW YORK.- A study by WalletHub, a personal finance website based in Washington DC, found that the state of New York has the highest tax rate in the United States.
Currently in the state of NY there are an estimated one million Dominican residents; hundreds of them have moved for Pennsylvania, mainly, New Jersey, Georgia, Orlando and Michigan, among other states, under the allegation that life is better in these places, there is no parking pressure, cheaper rent, less crime and delinquency, among other factors .
WalletHub analyzed the taxes on property, personal income, on sales and excise taxes, as a percentage of total personal income.
According to the report, the average American household pays $10,000 in taxes taxes on income each year; however, where you live and the state and local tax rate determine how much a family pays in total taxes each year.
Read: Dominicans contemplate moving from NY due to high taxes
It compared all 50 states based on the three components of the state tax burden (property taxes, personal income, sales, and consumption) as a share of total personal income.
Tax Burden in NY (1=highest, 25=average).
1st-Global Tax Burden (12.75%); 6º- Charge of Property Tax (4.43%); 1º- Charge of the Tax on the Income of Physical Persons (4.90%); 25-Total charge of taxes on sales and special taxes (3.42%).
The formula revealed that the highest tax burden in the country is in NY (12.75%), followed by Hawaii (12.70%), Maine (11.42%), Vermont (11.13%), and Minnesota ( 10.2%).
The states with the lowest tax burden in the country are Alaska (5.06%), Tennessee (5.75%), Delaware (6.22%), Wyoming (6.32%) and New Hampshire (6.41%).
