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Study reveals the states where Americans are most 'tax burdened' - how does YOURS compare?
As Americans suffer under the highest living costs in recent memory, soaring taxes are only compounding the problem.
But residents face a zip-code lottery over how much they are levied with those in Blue states faring worse than those in Red, new data shows.
A study by personal finance website WalletHub analyzed property, income and total sales and excise levies in every US state to calculate which were the most 'tax burdened.'
Unsurprisingly, its findings showed New Yorkers had the heaviest 'tax burden' as they are forced to shell out 12.02 percent of their income on levies.
The Empire State was followed by Hawaii where residents face a burden worth 11.8 percent of their income.
Scroll your mouse or hold your finger over the states below to see the income needed to live there comfortably.
Researchers defined 'tax burden' as the proportion of total personal income residents pay toward state and local taxes.
Federal taxes were not included in the research - instead focusing just on state and local ones. And it is not the actual tax rate set by states and cities.
Rather, tax burden measures the proportion of total personal income that residents pay toward state and local taxes.
They found Alaska had the lowest tax burden of any US state, with citizens only paying 4.93 percent of their income in levies.
It was followed by New Hampshire, Wyoming and Florida where residents face tax burdens of 5.63 percent, 5.7 percent and 6.05 percent respectively.
Property taxes were highest in Maine and lowest in Alabama, the report notes.
Meanwhile, when looking at just individual income tax as a percentage of personal income the was highest in California at 4.9 percent, closely followed by New York. It was lowest in Texas.
New York's total of 12.02 percent is made up of 4.63 percent for income taxes, 4.36 percent for property tax, and 3.03 percent for sales and excise taxes
Commenting on the findings, WalletHub analyst Cassandra Happe said: 'It’s easy to be dismayed at tax time when you see just how much of your income you lose.
'Living in a state with a low tax burden can alleviate some of that stress.
'Some states charge no income tax or no sales tax, although all states have some form of property taxes and excise taxes.'
The researchers ranked each state from one to 50 - meaning New York was rabnked one as it has highest burden.
The average ranking of a Democrat state was 20.08 but this fell to 30.84 in Republican areas, WalletHub noted.
It comes after President Biden proposed hiking Capital Gains Tax to 44.6 percent - the highest ever since the tax was implemented a century ago.
But the total due when Americans sell assets, such as houses, will vary by state - because they all have rates in addition to federal ones.
It would mean Americans in 11 states will next year be paying over 50 percent of some of the profits when they sell off their assets to the government.
If a 44.6% capital gains tax rate is included in FY2025 budget, Americans in 11 states will have a burden above 50% when state and federal are combined when selling assets
Biden proposed in his budget for next year the highest-ever capital gains tax rate at 44.6% – the last highest was at 40% under President Jimmy Carter in the late 1970s
The current rate sits below 25 percent.
Capital gains are profits made from selling assets like stocks, businesses, homes and other investments. The sale of these assets can usually trigger a taxable event.
Critics note that the idea will 'disincentivize investing' and could massively hurt U.S. industries like tech while further shrinking the middle class.