State of Taxation

If you live in New York State, youhave the dubious honor of paying thehighest local taxes in the nation, accordingto a recent study by a tax watchdoggroup. A report by the Citizens BudgetCommittee (www.cbcny.org), which keepstabs on America's state and local governmentbudgets, shows that New Yorkerspay about $73 per $1000 of income inlocal taxes. New Jersey is a distant second,with taxpayers shelling out $51 per$1000 of income in local taxes, andOhio, at $48 per $1000, is close behind.Although several states, including California,Connecticut, and Massachusetts,have higher state taxes than New York,the combined state and local tax tab forNew Yorkers is $141 per $1000 of income,also the highest in the nation.