Maine's tax burden is one of the highest, new study says
Courtesy / WalletHub
Maine ranked No. 4 in the U.S. for states with the highest taxes, as a portion of personal income.
While many Americans claim taxes in their states are heavy, a new study shows Mainers’ tax burdens are one of the heaviest.
Maine ranked No. 4 in the U.S. for the highest portion of personal income going to state and local taxes. Only New York, Hawaii and Vermont ranked higher, placing first, second and third respectively.
The analysis, released Wednesday by financial website WalletHub, compared each state on the basis of three types of taxes — individual income tax, property tax, and sales and excise taxes. The taxes were ranked as a percentage of total personal income in each state.
Maine’s percentage was 10.5%, slightly more than the portion in Connecticut. The five top taxers were the only states where the percentage was in double digits.
In a separate ranking of property tax burdens, Maine also ranked No. 4. The state ranked No. 21 in a comparison of individual income taxes, and No. 20 for sales and excise taxes.
In the overall rankings, other New England states ranked as follows: Rhode Island, No. 8; Massachusetts, No. 21; and New Hampshire, No. 46. There is no state income tax in New Hampshire.
Alaska ranked No. 50, the state where residents paid the smallest portion of their income in state and local taxes.
For the complete rankings and more information, click here.
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It would be nice if the State recognized this and did something about it.
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