CNN/Money: How tax-friendly is your state?

Companies Economy International Corrections Pre-market trading After-hours trading Winners/losers/actives Bonds Currencies Commodities Money Magazine Retirement Mutual Funds Taxes Ask the Expert Money 101 Autos Loan Center Best Places to Live Calculators Mortgage Rates Personal tech Big Tech blog Techland blog Sectors and stocks Fortune 500 techs Tech Talk 100 best places to launch Ultimate resource guide Small biz makeovers FSB 100 Ask & Answer Fortune 500 Technology Investing Management Rankings Main Create portfolio Edit portfolio Create Alerts Edit Alerts

How tax-friendly is your state?


	PLUS:
	•	Tax-friendly places 2004
	•	CNN/Money Tax Center
	•	Best Places to Live
	•	Cost of living calculator

Local and state taxes can have a big impact on your take-home pay.

NEW YORK (CNN/Money) -- There are countless reasons why you choose to live where you live. The climate, the schools, the prospect for work and the proximity to a big metropolis are just a few.

But there are also state and local taxes to consider. They can make a big difference to your bottom line.

Below is a look at the average taxpayer's total state and local tax burden in each of the 50 states and the District of Columbia. That burden reflects what residents pay in state and local income taxes, property taxes, sales taxes, luxury taxes and fuel taxes, among others. It also accounts for the portion of business taxes that is passed along to the consumer by way of higher prices and lower wages. (Read more about this table below.)

State-Local Tax Burdens, Calendar Year 2004
State	State/Local taxes as % of per capita income
National Average	10.0%
Alabama	9.1%
Alaska	6.3%
Arizona	10.0%
Arkansas	9.8%
California	9.8%
Colorado	9.1%
Connecticut	10.6%
Delaware	8.2%
District of Columbia	12.8%
Florida	8.8%
Georgia	10.0%
Hawaii	11.3%
Idaho	10.4%
Illinois	9.7%
Indiana	10.1%
Iowa	9.8%
Kansas	9.9%
Kentucky	10.0%
Louisiana	9.9%
Maine	12.3%
Maryland	9.9%
Massachusetts	9.4%
Michigan	10.2%
Minnesota	10.5%
Mississippi	10.0%
Missouri	9.3%
Montana	9.8%
Nebraska	10.2%
Nevada	9.7%
New Hampshire	7.5%
New Jersey	10.1%
New Mexico	9.7%
New York	12.9%
North Carolina	9.7%
North Dakota	9.7%
Ohio	11.3%
Oklahoma	9.2%
Oregon	9.5%
Pennsylvania	9.4%
Rhode Island	11.1%
South Carolina	9.0%
South Dakota	9.0%
Tennessee	8.5%
Texas	8.7%
Utah	10.8%
Vermont	10.4%
Virginia	9.3%
Washington	9.9%
West Virginia	10.6%
Wisconsin	11.1%
Wyoming	8.9%
Source: Tax Foundation, 2004

The state/local tax burden reflects what a state and its local governments collect as a percentage of per capita income. So, for example, with a state/local tax burden of 10.1 percent, the state of New Jersey and its local governments get about a tenth of what its residents make per capita.

Of course, if you live in the Garden State your personal tax burden may be higher or lower. Much will depend, as it would in any state, on whether you own your home, where in the state you live, how much you make and the source of your income.

© 2008 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy

Live Quotes automatically refresh, but individual equities are delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET.
* : Time reflects local markets trading time. † - Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Disclaimer

Copyright © 2008 BigCharts.com Inc. All rights reserved. Please see our Terms of Use.
MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.
Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. All Times are ET.
Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use.
Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data.
Fundamental data provided by Hemscott.
SEC Filings data provided by Edgar Online Inc..
Earnings data provided by FactSet CallStreet, LLC.