We all want to be number one for something, but why does it have to be this list! Snarl. Growl. Screech. H&R Block reports Bridgeport is the proud owner of the number one tax burden in the country. And judging by Governor Dannel Malloy’s proposed budget it ain’t gonna look much better. Hey, here’s an idea, how about hooking up Bridgeport with a blood transfusion from Greenwich’s tax rate? From the Block Heads:
#1 Bridgeport, CT
Connecticut’s largest city is one of NYC’s outlying suburbs, and an average family of three forks over a staggering 24.5% of their income to state & local taxes. That works out to about $12,250, over $10,000 of which is property tax alone.
Okay, so the Northeast is expensive. And for the record, the least-taxed cities on the list were Billings, MT (6.4%), New Orleans, LA (5.7%) and Cheyenne, WY (4.3%).
Check out the stats in our infographic below. And don’t forget: no matter where you live, there’s a good chance there’s an H&R Block nearby–call us for tax prep help!
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Read all the tax lament here.