Thursday, August 07, 2008

Report: New Jersey's tax burden still heaviest in U.S.

The Daily Record reports:
New Jersey taxpayers bear the heaviest state and local tax burden in the country for the third year in a row, according to a report released on Wednesday by a fiscal policy organization in Washington, D.C.
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The Tax Foundation found the state's residents paid 11.8 percent of their income in state and local taxes. The national average is 9.7 percent.

Taxpayers in New York and Connecticut aren't far behind. Residents in those states pay 11.7 percent and 11.1 percent of their income to state and local taxes, respectively.