Taxes
New Jersey Residents Will Pay Most in Taxes Over a Lifetime
- Massachusetts, Connecticut round out top three highest taxes
- Average American will pay more than $500,000 over lifetime
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Residents of New Jersey, Massachusetts and Connecticut will face the highest tax burdens over a lifetime, according to a new study.
Those living in New Jersey will pay on average a grand total of $931,698, well above the $827,185 for Massachusetts residents and $805,213 for Connecticut. Nationwide, Americans will pay $525,037 over their lives, which includes taxes on income, property, cars and retail spending, according to the study from financial technology company Self.