Do You Live in One of These 10 States With the Highest Sales Taxes?

Photo by Songquan Deng from Shutterstock

When it comes to income taxes, the lowest one (4 percent) is applied on up to $8,500 of taxable income for those who file individually and up to $17,150 for joint filers. The highest income tax is 8.82 percent on taxable income that exceeds $1,070,550 (single filers) and $2,155,350 for joint filers.

There’s also a top rate, representing 10.9 percent on taxable income that exceeds $25 million, regardless of your filing status.

RELATED POST: These 9 States With No Income Tax Have Other Hidden Taxes

And if you’re wondering how property taxes look like in the Empire State, note that the median rate is $1,692 per $100,000 of assessed home value.

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