In the United States, income taxes play a significant role in generating revenue for both federal and state governments. While federal income tax rates range from 10% to 37%, state income tax rates vary significantly across the country. Let's take a look at the top 20 US states with the highest income tax revenue per capita.
20. Indiana
Indiana collected over $12.9 billion in income taxes in 2023, ranking 20th among the US states with the highest income tax revenue per capita.
19. Wisconsin
With an income tax revenue per capita of $2,006, Wisconsin ranks among the US states with the highest income tax revenue per capita.
18. Kansas
Kansas accumulated around $6 billion in income taxes in 2023, ranking 18th among the states with the highest income tax revenue per capita.
17. Maine
Maine has an income tax revenue per capita of almost $2,102 and ranks 17th among the states with the highest income tax revenue per capita.
16. Utah
Utah gathered around $7.36 billion in total income taxes in 2023, with an income tax revenue per capita of $2,155.
15. Montana
Montana has an income tax revenue per capita of around $2,291, ranking 15th among the US states with the highest income tax revenue per capita.
14. Maryland
Maryland collected over $14 billion in income taxes in 2023, with an income tax revenue per capita of $2,296, ranking among the states with the highest income tax revenue per capita.
13. Vermont
Vermont collected over $1.5 billion in income taxes in 2023, with an income tax revenue per capita of $2,332.
12. Hawaii
Hawaii ranks 12th among the US states with the highest income tax revenue per capita, with an income tax revenue of $3.44 billion and a per capita income tax revenue of $2,402.
11. Virginia
Virginia collected one of the highest income tax revenues in the US in 2023, over $21 billion, with an income tax revenue per capita of $2,411.
10. Illinois
Illinois gathered around $31.67 billion in total income taxes in 2023, with an income tax revenue per capita of $2,524, ranking 10th among the states with the highest income tax revenue per capita.
9. Delaware
Delaware has an income tax revenue per capita of around $2,904, ranking among the states with the highest income tax revenue per capita.
8. New Jersey
New Jersey ranks eighth among the US states with the highest income tax revenue per capita, with an income tax revenue per capita of $2,928.
7. California
California has the highest tax burden in the US, collecting over $126 billion in income tax revenue in 2023, with an income tax revenue per capita of $3,242.
6. Minnesota
Minnesota collected over $18.6 billion in income taxes in 2023, with an income tax revenue per capita of $3,248.
5. Connecticut
Connecticut ranks fifth among the US states with the highest income tax revenue per capita, with an income tax revenue per capita of $3,413.
4. Oregon
Oregon collected over $14.89 billion in income taxes in 2023, with an income tax revenue per capita of $3,518.
3. Massachusetts
Massachusetts ranks third among the US states with the highest income tax revenue per capita, with an income tax revenue per capita of $3,782.
2. New York
New York ranks second among the US states with the highest income tax revenue per capita, with an income tax revenue per capita of over $4,200.
1. District of Columbia
The District of Columbia is the leading US state with the highest income tax revenue per capita, with an income tax revenue per capita of $6,148.
At Insider Monkey, we are obsessed with the stocks that hedge funds pile into. Our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Join us in exploring the financial landscape and stay informed about the latest trends and developments.
Post a Comment