RI Has 8th Highest Tax Burden in U.S., According to New Study

RI Has 8th Highest Tax Burden in U.S., According to New Study

Rhode Island has the 8th highest tax burden in the country, according to a new report. 

"With Tax Day approaching on April 18 and 81% of Americans thinking that the government does not spend their tax dollars wisely," the personal-finance website WalletHub on Tuesday released its 2022 Tax Burden by State report. 

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In order to determine which states tax their residents most aggressively, WalletHub compared the 50 states based on the three components of state tax burden — property taxes, individual income taxes, and sales and excise taxes — as a share of total personal income.

Tax Burden in Rhode Island (1=Highest, 25=Avg.):

8th – Overall Tax Burden (9.91%)
5th – Property Tax Burden (4.48%)
28th – Individual Income Tax Burden (2.31%)
34th – Total Sales & Excise Tax Burden (3.12%)

RI isn't highest in New England, however -- Maine, Vermont, and Connecticut all rank higher.

The state with the highest tax burden overall, according to the analysis? New York. The lowest is Alaska.