Tax Foundation Releases Some Interesting Facts and Figures

The Tax Foundation released a very interesting booklet earlier this week titled "Facts and Figures: How Does Your State Compare?"

I have linked to a *.pdf of the booklet below.

Here are some of the more interesting pieces of data that were contained in the booklet:

Highest State and Local Tax Burden Per Capital, FY 2009

1. Connecticut, $7,256
50. Mississippi, $2,678

Highest State and Local Tax Burden as a % of State Income, FY 2009

1. New Jersey, 12.2%
50. Alaska, 6.3%

State Revenue Per Capita

1. Alaska, $15,622
50. Nevada, $3,688

Federal Income Tax Payments by Income Percentile, 2009
(in millions)

All Taxpayers, $865,863
Top 1%, $318,043
Top 5%, $507,907
Top 10%, $610,156
Top 25%, $755,903
Top 50%, $846,352
Bottom 50%, $19,511

States Without State Individual Income Tax Rates as of Jan 1, 2012

Alaska
Florida
Nevada
South Dakota
Texas
Washington

Highest State Individual Income Tax Collections Per Capita, FY 2010

1. New York, $1,796

State Corporate Income Tax Collections Per Capita, FY 2010

1. Alaska, $910

State and Local Sales Tax Rates

1. Tennessee, 9.45% (combined)

State Gasoline Tax Rates

1. New York, 49 cents/gallon

State Cigarette Excise Tax Rates

1. New York, $4.35/20-pack

State Spirits Excise Tax Rates

1. Washington, $26.70/gallon

State Debt per Capita, FY 2010

1. Massachusetts, $11,310
50. Tennessee, $922

Source: Taxfoundation.org - Facts & Figures Handbook: How Does Your State Compare?

Filed under: General Knowledge