How much 25 major US cities pinch from your wallet in taxes

New York City has some of the highest taxes among major US cities.Shutterstock State and local taxes vary widely from place to place. Here are the sales and income tax rates faced by residents of the 25 biggest US cities. Tax season is upon us, and while most Americans are focused on their federal income…

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How much 25 major US cities pinch from your wallet in taxes

New YorkNew York City has some of the highest taxes among major US cities.Shutterstock

  • State and local taxes vary widely from place to place.
  • Here are the sales and income tax rates faced by residents of the 25 biggest US cities.

Tax season is upon us, and while most Americans are focused on their federal income taxes, state and local taxes vary wildly from place to place and can hit your wallet hard.

Using state sales and top marginal income tax figures from the Tax Foundation, and local sales and income tax rates mostly from state and local government websites, we found the total burden of these taxes on residents of the 25 largest US cities, according to the US Census Bureau’s 2017 American Community Survey.

It’s worth noting that many state and municipal governments also rely on other taxes and fees for revenue, including various licenses and property taxes. For the sake of comparison, we decided to focus on sales and income taxes.

Here are state and local sales and income tax rates for the top 25 cities, listed in order by population from largest to smallest:

State and local taxes vary widely from place to…

How much 25 major US cities pinch from your wallet in taxes

Features,Taxes,Sales Tax,Income Tax,Cities

How much 25 major US cities pinch from your wallet in taxes

2019-03-15T15:52:28+01:00

2019-03-14T19:45:40+01:00

2019-03-15T15:52:39+01:00

https://static1.businessinsider.de/image/5c8bbc5ad2ce780fd1579064-500-250/how-much-25-major-us-cities-pinch-from-your-wallet-in-taxes.jpg

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State and local taxes vary widely from place to place.
Here are the sales and income tax rates faced by residents of the 25 biggest US cities.

Tax season is upon us, and while most Americans are focused on their federal income taxes, state and local taxes vary wildly from place to place and can hit your wallet hard.
Using state sales and top marginal income tax figures from the Tax Foundation, and local sales and income tax rates mostly from state and local government websites, we found the total burden of these taxes on residents of the 25 largest US cities, according to the US Census Bureau’s 2017 American Community Survey.
It’s worth noting that many state and municipal governments also rely on other taxes and fees for revenue, including various licenses and property taxes. For the sake of comparison, we decided to focus on sales and income taxes.
Here are state and local sales and income tax rates for the top 25 cities, listed in order by population from largest to smallest:

international

State and local taxes vary widely from place to…

How much 25 major US cities pinch from your wallet in taxes

Features,Taxes,Sales Tax,Income Tax,Cities

How much 25 major US cities pinch from your wallet in taxes

2019-03-15T15:52:28+01:00

2019-03-15T15:52:39+01:00

https://static1.businessinsider.de/image/5c8bbc5ad2ce780fd1579064-500-250/how-much-25-major-us-cities-pinch-from-your-wallet-in-taxes.jpg

BusinessInsiderDe



State and local taxes vary widely from place to place.
Here are the sales and income tax rates faced by residents of the 25 biggest US cities.

Tax season is upon us, and while most Americans are focused on their federal income taxes, state and local taxes vary wildly from place to place and can hit your wallet hard.
Using state sales and top marginal income tax figures from the Tax Foundation, and local sales and income tax rates mostly from state and local government websites, we found the total burden of these taxes on residents of the 25 largest US cities, according to the US Census Bureau’s 2017 American Community Survey.
It’s worth noting that many state and municipal governments also rely on other taxes and fees for revenue, including various licenses and property taxes. For the sake of comparison, we decided to focus on sales and income taxes.
Here are state and local sales and income tax rates for the top 25 cities, listed in order by population from largest to smallest:

international

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