Masachusetts rated 4th Highest Taxed State by Bloomberg

December 27, 2011 in Uncategorized

5 highest, 5 lowest states for taxes

See where residents get to keep more of their money — and where state, consumption and property taxes take the biggest bite.
Bloomberg on MSN Money
$100 bill and globe © George Diebold/Getty Images
How does your state tax burden compare?

States facing shrinking revenues approved $23.9 billion in new taxes and fees in 2010. They imposed a further $6.2 billion in taxes in 2011 and proposed $13.8 billion in new taxes for 2012, according to the National Association of State Budget Officers. More 


Masachusetts rated Highest No. 4:

Income tax: 5.3% (flat tax rate)
… Sales tax: 6.25%
Property tax per capita: $1,789
Inheritance tax: Estate taxes range from 0.8% to 16%