FYI: Here Are The U.S. States With The Highest, Lowest Tax Rates

Illinois, New York top list of states with the highest tax rates

Credit: 401(K) 2012


Americans living in blue states will pay some of the highest tax rates in the nation this year, according to a new study published Tuesday.

Illinois topped the list with an effective state and local tax rate of 15.01% imposed on the median U.S. household, according to WalletHub. It was closely followed by Connecticut, with an effective rate of 14.84%, and New York, with an effective rate of 14.08% on households earning about $63,218 annually.

Pennsylvania has the fourth-highest tax rate in the nation, with a burden of about 13.97%, WalletHub found, while Kansas has the fifth-highest at 13.43%.

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