Feeling Overtaxed? See How Louisiana’s Tax Burden Compares to Other States
Think your taxes are high? You have it easy – at least according to a 2010 study done by the nonpartisan Tax Foundation. Their study shows Louisiana has the fourth lowest local-state tax burden in the nation, at 7.8 percent.
Joining Louisiana in the bottom five are (46) Wyoming at 7.8 percent; (48) Tennessee at 7.7 percent; (49) South Dakota at 7.6 percent; (50) Alaska at 7.0 percent.
The study explains that the lowest tax rates tend to go to the most resource-rich states, as these states are able to pass their tax burdens along to big businesses and nonresidents.
The top five highest taxed states were New York, New Jersey, Connecticut, California, Wisconsin. The study attributes these state's high tax rates to the high average income levels these states tend to have.
The national average for tax burdens was 9.9 percent.