Vermont’s taxes are not the lowest in the US, but they are also not the highest. Alaska, which has neither a state income tax nor a state sales tax, is the least taxed state in the US, according to WalletHub. The least taxed states in the US are South Dakota, Wyoming, and Tennessee.
On the other side, as of 2021, New York is the state with the highest taxes. New York has the highest combined state and local tax burden in the country at 12.79%. Hawaii, Vermont, Maine, and Minnesota are other states with high tax loads.
With a combined state and local sales tax rate of 9.55%, Tennessee has the highest percentage in the US when it comes to sales taxes. Additionally, the sales taxes in Arkansas, Louisiana, and Washington are all higher than 9%.
1. Cheyenne, Wyoming – Cheyenne, Wyoming’s capital city, is renowned for having a low overall tax burden, including a 5.5% sales tax and a lack of a state income tax.
3. Billings, Montana – Because Montana doesn’t have a sales tax, it’s an excellent state for people who want to save money on taxes. Additionally, Billings’s property tax rate is quite low.
In conclusion, the state-wide sales tax in Burlington, Vermont is 6%, and local taxes add another 1% to make it 7% overall. Vermont’s taxes are not the lowest in the US, but they are also not the highest. Currently, New York has the greatest tax load, with Alaska having the lowest. Currently, Tennessee has the highest sales tax in the US, while some of the places with the lowest taxes are Billings, Montana, Anchorage, Alaska, and Cheyenne, Wyoming.