New York Leads U.S. in Taxes, Tennessee Is Last
NEW YORK (Reuters) - New Yorkers pay the highest state and local taxes in the nation, shelling out nearly $131 for every $1,000 of income in 2002, according to a new study.
Tennessee taxed its citizens the least -- they paid just under $84 for every $1,000 of income.
Massachusetts, ridiculed in the 1980s as "Taxachusetts" fell to 40th in 2002, as its residents only paid $96 in taxes for every $1,000 of income, according to a Boston-based business group.
On a gauge where a low ranking is positive, that was a marked improvement from a decade ago when Massachusetts came in 25th.
The study was done by the Massachusetts Taxpayers Foundation, which assessed states' competitiveness using the most recent data available.
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