New Yorkers can claim a title they’d rather not have: the most taxed in the nation.
Residents of the Empire State paid 12.8 percent of their income in state and local taxes in 2010, according to rankings released today by the Tax Foundation, a Washington-based research group that advocates a simpler tax code. New Jersey ranked second at 12.4 percent, followed by Connecticut, where the rate was 12.3 percent.
H/T Richard Morrison
Source: Businessweek. Read full article. (link)