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Which state collects the most taxes | Entertainment News

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The amount of taxes a state collects is an important factor in the quality of life of its residents. Taxes fund a variety of basic public resources, including infrastructure, public schools, and health insurance. Given how much infrastructure and program tax funds there are, it’s no surprise that all 50 states (excluding Washington, D.C.) collected $323 billion in taxes in the third quarter of 2022.

The amount of tax each state receives can vary widely based on cost of living, geographic and demographic factors, and other variables. Taxation methods also vary. For example, states with strong tourism industries may rely more on sales taxes, while states with business-driven economies may have higher corporate income taxes.

For most (but not all) states, personal income taxes make up a significant portion of total tax revenue. In fact, Texas, South Dakota, Florida, Alaska, Nevada, Wyoming, and Washington state don’t tax wage income at all. Meanwhile, coastal states — whose residents bear a higher cost of living — typically collect the most taxes per capita.

Stacker Checked the collected data Census Bureau Determine which states receive the most tax revenue, including money collected by state and local governments. Data shown is current for the third quarter of 2022. Tax totals include money from personal income, property, sales, corporate income taxes, and other means. States are ranked by total tax collection per 1,000 residents.

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