This includes a 1% mental health services tax on personal income over $1 million. ![]() 10 states with the highest personal income tax ratesĪ comparison of 2023 tax rates compiled by the Tax Foundation ranks California as the top taxer with a marginal tax rate (the maximum statutory tax rate) of 13.3% rate. Weighing the tax landscape against your financial picture could help you stretch your dollars further. As a result, identifying the states with the lowest taxes might be a smart financial move to make.Ĭurrently, 43 states and the District of Columbia levy individual income taxes. Often, the biggest tax ticket citizens face after paying the Internal Revenue Service is the one their state presents. Where you live can help or hinder your ability to make ends meet.Ī myriad of taxes - such as property, license, state and local sales, inheritance, estate, and excise taxes - can eat away at your income. "Location, location, location" is a focus that applies to more than just housing.
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