The 10 Worst States for Taxes in 2014

The 10 Worst States for Taxes in 2014

New York

Top State Income Tax Rate: 8.82 percent

Sales tax: 4 percent

Property taxes per capita: $2,280

The Empire State takes the prize as the worst state for taxes, thanks to its high individual tax rate and relatively high sales tax. New York is in a virtual tie with neighboring New Jersey, though the former state gets the bottom spot because its individual income tax suffers from such high rates and narrow bases, according to the Tax Foundation. New York Governor Andrew Cuomo has announced the formation of a tax relief commission to look for ways to transform the state’s onerous tax code.

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