Listen Live on  


All The Hits!

NY Has Highest Tax Burden In The Country

NY Has Highest Tax Burden In The Country
Posted April 2nd, 2014 @ 12:11pm

ALBANY, N.Y. (AP) _ A Washington-based policy group says New York residents had the highest state-and-local tax burden in the country in 2011.

The Tax Foundation says Wednesday that they used the latest data available to show New York residents paid 12.6 percent of their collective incomes in state and local taxes in 2011.

New Jersey was No. 2 at 12.3 percent. The national average was 9.8 percent.

The Foundation noted that the state budget approved in Albany this week includes a series of tax relief measures, including a lower corporate income tax rate and an increase in the estate tax exemption.

Recommended Stories

More from HOT107.9