In this article, we will look at the 5 US States with the Highest Income Tax Revenue Per Capita. You can read our detailed discussion and a more comprehensive list by visiting the 20 US States with the Highest Income Tax Revenue Per Capita.
5. Connecticut
Income Tax Revenue: $12,344,697,000
Population: 3,617,176
Income Tax Revenue Per Capita: $3,413
Connecticut ranks fifth among the US states with the highest income tax revenue per capita. Connecticut has an income tax revenue per capita of $3,413. The state imposes a graduated personal income tax from 2% to 6.99%.
4. Oregon
Income Tax Revenue: $14,892,772,000
Population: 4,233,358
Income Tax Revenue Per Capita: $3,518
Oregon collected over $14.89 billion in income taxes in 2023. Oregon has a graduated personal income tax, with rates ranging from 4.75% to 9.90%. The state also imposes a graduated corporate income tax from 6.60% to 7.60%.
3. Massachusetts
Income Tax Revenue: $26,479,909,000
Population: 7,001,399
Income Tax Revenue Per Capita: $3,782
Massachusetts has individual income tax ranging from 5% to 9% and a 9% corporate income tax. With an income tax revenue collection of over $26 billion in 2023, Massachusetts ranks third among the US states with the highest income tax revenue per capita.
2. New York
Income Tax Revenue: $83,092,248,000
Population: 19,571,216
Income Tax Revenue Per Capita: $4,246
New York is one of the most populated states in the US and generates huge income tax revenue. With an income tax revenue per capita of over $4,200, New York ranks second among the US states with the highest income tax revenue per capita.
1. District of Columbia
Income Tax Revenue: $4,174,534,000
Population: 678,972
Income Tax Revenue Per Capita: $6,148
The District of Columbia has one of the highest individual income taxes in the US, ranging from 4% to 10.75%. The District of Columbia imposes an 8.25% tax on corporate income. In 2023, DC generated over $4.1 billion in income tax revenue and is the leading US state with the highest income tax revenue per capita.
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