Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

“Fair Share”? Here’s Every State’s Top Tax Rate Under Biden’s Massive Spending Bill

Courtesy of ZeroHedge View original post here.

Via ATR.org,

If the Democrats’ tax-and-spend reconciliation bill is enacted, the average top tax rate on personal income would rise to 57.4 percent, according to the Tax Foundation.

This would give the U.S. the highest tax rate in the developed world, and stick all 50 states with a combined federal-state tax rate higher than 50 percent.

The combined federal and state top marginal income tax rates for each state under the Democrat bill are listed below:

  • New York: 66.2%

  • California: 64.7%

  • New Jersey: 63.2%

  • Hawaii: 62.4%

  • Washington, DC: 62.2%

  • Oregon: 62%

  • Minnesota: 61.3%

  • Maryland: 60.4%

  • Vermont: 60.2%

  • Kansas: 59.6%

  • Delaware: 59.3%

  • Ohio: 59.1%

  • Wisconsin: 59.1%

  • Kentucky: 58.9%

  • Iowa: 58.6%

  • Maine: 58.6%

  • Connecticut: 58.4%

  • South Carolina 58.4%

  • Pennsylvania: 58.3%

  • Montana: 58.2%

  • Nebraska: 58.2%

  • Michigan: 58.1%

  • Idaho: 57.9%

  • Illinois: 57.9%

  • West Virginia: 57.9%

  • Missouri: 57.8%

  • Indiana: 57.5%

  • Rhode Island: 57.4%

  • Arkansas: 57.3%

  • New Mexico: 57.3%

  • Georgia: 57.2%

  • Virginia: 57.2%

  • North Carolina: 56.7%

  • Alabama: 56.4%

  • Massachusetts: 56.4%

  • Mississippi: 56.4%

  • New Hampshire: 56.4%

  • Utah: 56.4%

  • Oklahoma: 56.2%

  • Colorado: 56%

  • Arizona: 55.9%

  • Louisiana: 55%

  • North Dakota: 54.3%

  • Alaska: 51.4%

  • Florida: 51.4%

  • Nevada: 51.4%

  • South Dakota: 51.4%

  • Tennessee: 51.4%

  • Texas: 51.4%

  • Washington: 51.4%

  • Wyoming: 51.4%

Please visit the Tax Foundation website for more details compiled by Alex Durante and William McBride.

“Fair share”?


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!