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News

S.C. Ranked 9th Lowest for Tax Rates

S.C. Ranked 9th Lowest for Tax Rates

Thursday, April 3, 2014

Staff Report
Published April 3, 2014

South Carolina residents have the 9th lowest state-local tax burden in the country, according to a report released today from the Tax Foundation, a nonpartisan tax policy think tank in Washington.

The Annual State-Local Tax Burdens shows that taxpayers in South Carolina paid 8.3% of their collective incomes in state and local taxes in 2011. Americans paid 9.8% of their income on these taxes on average in 2011.

Residents of Wyoming paid the lowest percentage of income in 2011 at just 6.9%, replacing Alaska as the lowest-burdened state in the nation. Alaska had been the least-taxed state for multiple decades, the report said.

The next lowest-taxed states were South Dakota, Texas and Louisiana.

New York ranked the highest in the country with residents paying 12.6% of their collective incomes in state and local taxes in 2011. The next highest-taxed states were New Jersey and Connecticut at 12.3% and 11.9%, respectively.

Driven by the growth of income in all states during fiscal year 2011, the study found that state-local tax burdens as a share of incomes decreased.

“States have different tax burdens, just as they have different levels of services. For Americans to make informed judgments about benefits and costs of state-local government, the costs need to be known.” Tax Foundation economist Liz Malm said in a statement. “This annual estimate of how much residents pay in state-local taxes helps inform that discussion.”


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Richland County, South Carolina

1201 Main Street, Suite 1110 ·
Columbia, S.C. 29201
803.576.2043 · Contact Us
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