Report Ranks States by Top 1% Contribution to Federal Income Tax
A new report has ranked US states based on the percentage of federal income tax paid by the top 1% of earners. The analysis highlights the varying contributions of high-income individuals across different states.
The Story
Analyzing sources…
Source Diversity
Source Diversity
Low (19/100)Sources
States ranked by how much of their federal income tax is paid by the top 1%
Florida ranked second-highest in the SmartAsset study. Kruck20/Getty Images Tax proposals in New York and California aim to increase taxes on the wealthiest residents. A SmartAsset study calculated how much of each state's federal income taxes was paid by the top 1%. The top 1% of earners make 19% of incomes in the US but pay 37% of all federal income taxes. Tax proposals targeting wealthy residents have renewed debate in states including New York and California about how much the rich shou...
Read full article →States ranked by how much of their federal income tax is paid by the top 1%
Read full article →Coverage Timeline
Related Stories

US Supreme Court Sides with Trump on Mail-In Ballot Restrictions
10m ago
New Zealand Labour Pledges to Reinstate Smokefree Generation Policy
11m ago
US Treasury Secretary's Iran Sanctions Threat Impacts Global Tensions
17m ago

US Supreme Court Temporarily Upholds Trump's Mail-in Ballot Restrictions
19m ago