In this article, we will look at the 5 US states where you’ll pay most taxes over a lifetime. If you want to read our detailed analysis, go directly to the 20 US States Where You’ll Pay Most Taxes Over a Lifetime.
5. Massachusetts
Estimated Lifetime Earnings: $1,857,438
Estimated Lifetime Taxes: $816,700
% of Earnings Paid as Taxes: 44%
Massachusetts has one of the highest tax burdens in the US, over 16%. Massachusetts is estimated to gather around $816,700 in lifetime taxes from an individual or a household, which accounts for 44% of the total estimated earnings paid as taxes. Massachusetts is one of the US states where people will pay most taxes over a lifetime.
4. New York
Estimated Lifetime Earnings: $1,658,872
Estimated Lifetime Taxes: $748,199
% of Earnings Paid as Taxes: 45.10%
New York has one of the highest taxes in the US and the total tax burden is around 16.30%. In 2023, New York gathered the second-highest amount in total taxes, accounting for nearly $125 billion. The average citizen is estimated to earn around $1.65 million over a lifetime and has to pay around $748,000 in taxes, giving away over 45% of lifetime earnings in taxes.
3. Vermont
Estimated Lifetime Earnings: $1,442,094
Estimated Lifetime Taxes: $651,434
% of Earnings Paid as Taxes: 45.20%
Vermont ranks third among the US states where you’ll pay the most taxes over a lifetime. The average person in the state will earn around $1.44 million over a lifetime, while 45.20% of the earnings will go to state taxes. In 2023, Vermont collected more than $4.49 billion in taxes.
2. Connecticut
Estimated Lifetime Earnings: $1,731,261
Estimated Lifetime Taxes: $855,307
% of Earnings Paid as Taxes: 49.40%
Connecticut has a tax burden of nearly 15% and more than 49% of the estimated lifetime earnings are to be paid in taxes. An average person in the state is expected to earn around $1.73 million over a lifetime. Connecticut ranks second among the US states where you’ll pay the most taxes over a lifetime.
1. New Jersey
Estimated Lifetime Earnings: $1,818,191
Estimated Lifetime Taxes: $987,117
% of Earnings Paid as Taxes: 54.30%
New Jersey has the second highest tax burden rate in the US, which is just under 20%. New Jersey is estimated to gather over 52% of the estimated earnings of an individual or a household in taxes. New Jersey ranks first on our list of the US states where you’ll pay the most taxes over a lifetime.
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