Monday, December 24, 2007

Federal Income Tax Burdens: Our Top 10

Well it appears that NEW YORK and Connecticutt walk away with the prestige of having the highest paying taxpayers among U.S. counties and cities.

Among counties, taxpayers in New York County (Manhattan) pay the highest average percentage of Adjusted Gross Income (20 percent) in federal income taxes, or $25,875. Among major metropolitan areas, taxpayers in Stamford and Norwalk, Conn. pay the highest average percentage of Adjusted Gross Income (22 percent), or $41,496.

On the other end of the spectrum, Starr County in Texas is the lowest ranked county in terms of federal tax burden. It had a negative tax burden of 4.13 percent, meaning taxpayers there got back an average $867.



Federal Individual Income Tax Burden: Highest-Paying Counties and Major Metro Areas

Rank--County ------------------State---Avg.Tax Liability/Return------Taxes as % of AGI

1 --------New York (Manhattan) --NY ------------- $25,875 ------------------------------- 20.0%
2 --------Fairfield --------------------
CT --------------$23,479 --------------------------------19.4%
3 --------Teton -----------------------WY -------------$27,015---------------------------------18.3%
4 --------Westchester ---------------NY -------------$19,411 --------------------------------17.8%
5 --------Pitkin -----------------------CO -------------- $24,001-------------------------------- 17.6%
6 --------Collier -----------------------FL ------------- $16,966 --------------------------------17.4%
7 --------Union -----------------------SD --------------$14,006 --------------------------------17.2%
8 --------Marin -----------------------CA --------------$18,365 --------------------------------16.8%
9 --------Somerset -------------------NJ --------------$16,502 --------------------------------16.8%
10 ------Morris ----------------------NJ ---------------$15,296 --------------------------------16.3%


Source: The Tax Foundation

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