Special Report

The Most Tax-Friendly States for the Rich

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40. Oregon
> Effective tax rate for top 1% of earners: 8.1%
> Effective tax rate for middle 20% of earners: 9.1% (19th lowest)
> Avg. income for top 1%: $1.12 million (19th lowest)
> State & local tax revenue from sales taxes: 0.0% (the lowest)
> State & local tax revenue from income taxes: 41.7% (the highest)

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39. Rhode Island
> Effective tax rate for top 1% of earners: 7.9%
> Effective tax rate for middle 20% of earners: 9.5% (25th lowest)
> Avg. income for top 1%: $1.12 million (20th lowest)
> State & local tax revenue from sales taxes: 16.6% (12th lowest)
> State & local tax revenue from income taxes: 21.0% (18th lowest)

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38. Iowa
> Effective tax rate for top 1% of earners: 7.7%
> Effective tax rate for middle 20% of earners: 10.7% (13th highest)
> Avg. income for top 1%: $960,000 (7th lowest)
> State & local tax revenue from sales taxes: 22.8% (25th lowest)
> State & local tax revenue from income taxes: 23.9% (24th highest)

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37. Wisconsin
> Effective tax rate for top 1% of earners: 7.7%
> Effective tax rate for middle 20% of earners: 10.1% (18th highest)
> Avg. income for top 1%: $1.17 million (25th highest)
> State & local tax revenue from sales taxes: 19.8% (19th lowest)
> State & local tax revenue from income taxes: 27.1% (15th highest)

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36. Illinois
> Effective tax rate for top 1% of earners: 7.4%
> Effective tax rate for middle 20% of earners: 12.6% (the highest)
> Avg. income for top 1%: $1.70 million (8th highest)
> State & local tax revenue from sales taxes: 19.3% (17th lowest)
> State & local tax revenue from income taxes: 19.0% (16th lowest)

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