Most & Least Taxing States 2013

By Rebecca Helmes of Bloomberg BNA - 2013-04-19T17:41:14Z

Photograph by Daniel Acker/Bloomberg

Company Symbol % Change
33 of 54

New York

Top income tax rate: 8.82%
Sales tax: 4%
Property tax per capita: $2,280
Estate tax: 0.8% to 16% with a $1 million exemption

The state with one of the highest state-local tax burdens in the country lost a net 1.3 million people from 2000 to 2010, worth $45.6 billion in income. The recently passed budget extends a higher tax on top earners (and cuts for couples earning less than $300,000) that was levied in 2011 and scheduled to expire in 2014. About $1.1 billion in tax cuts and credits to businesses and middle-income families, to be phased in by 2016, will be paid for in part by the extension of that surcharge on couples earning more than $2 million.

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