Residents Of This State Pay The Highest Taxes In The US

Last week we reported that residents of New Jersey were about to enter the 9th circle of financial hell as the state, fast approaching a fiscal, economic and budgetary catastrophe, was preparing to raise taxes on "almost everything."

But if New Jerseyans are approaching a tax inferno, residents of Illinois are already there.

According to a recent analysis by WalletHub, Illinoisans pay $8,300 per home in various state and local taxes, more than any other state in the nation. In the annual ranking of taxpayer burden by state, WalletHub found that Illinois households give up just under 15% of their annual earnings to pay state and local taxes, over 1 percent more than residents of the second highest taxed state, Connecticut with 13.85%. Of course, they also pay federal taxes on top of that.

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from Salisbury News http://ift.tt/2GJfzHe