Nation IN BRIEF : NEW YORK : State, Local Taxes Soar, Magazine Says
State and local taxes are soaring almost everywhere in the United States, with New Hampshire still a rare “tax heaven” and Hawaii earning the nickname of “tax hell,” Money magazine said. The New York-based magazine ranked states and the District of Columbia for their tax burdens, after calculating actual taxes in each state for a hypothetical family of four with an annual income of $61,373. Total state and local taxes for the study’s hypothetical household ran from $4,463 in Hawaii to $132 in New Hampshire. State and local taxes nationwide rose 116% between 1980 and 1988, Money said.
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