To No Surprise New York Is the Worst State For Taxes

Who's paying the most taxes? Forbes compiled a list of the worst states for taxes and who do you think topped the list?

To no surprise, New York is the worst state for taxes.

#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

Forbes came up with the list by "calculating the effective tax rate for single taxpayers earning a taxable income of $50,000 (the average household income)"

Where is the best state for taxes? Wyoming.

#1 Wyoming

No. 1: Wyoming State and local tax burden: 6.90%
Effective state tax rate ($50,000 taxable income): 0.00%
Highest tax bracket: None
Rate at highest tax bracket: 0.00%
Per Capita Income: $50,805

Tax Tips For H&R Block

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