State and local taxes vary widely from place to place.
Here are the sales and income tax rates faced by residents of the 25 biggest US cities.
Tax season is upon us, and while most Americans are focused on their federal income taxes, state and local taxes vary wildly from place to place and can hit your wallet hard.
Using state sales and top marginal income tax figures from the Tax Foundation, and local sales and income tax rates mostly from state and local government websites, we found the total burden of these taxes on residents of the 25 largest US cities, according to the US Census Bureau's 2017 American Community Survey.
It's worth noting that many state and municipal governments also rely on other taxes and fees for revenue, including various licenses and property taxes. For the sake of comparison, we decided to focus on sales and income taxes.
Here are state and local sales and income tax rates for the top 25 cities, listed in order by population from largest to smallest:
Finding a good CPA for your taxes is simple with these seven tips: 1. Ask about their specialization; 2. Verify their identification number, 3. Look up their license, 4. Consider their experience, 5. Confirm their willingness to sign, 6. Ask for advice, and 7. Determine their fees.
Congress has passed the largest piece of tax reform legislation in more than three decades. The bill went into place on January 1, 2018, which means that it will affect the taxes of most taxpayers for the 2018 tax year.