Special Report

States Collecting the Most Income Tax Per Person

Source: SeanPavonePhoto / Getty Images

20. Rhode Island
> State income tax collections per capita, 2019: $1,299
> Income per capita, 2019: $56,361 — 18th highest
> Rhode Island’s top source of tax revenue: Property tax

Source: pabradyphoto / Getty Images

19. Iowa
> State income tax collections per capita, 2019: $1,299
> Income per capita, 2019: $51,865 — 23rd lowest
> Iowa’s top source of tax revenue: Property tax

Source: marchello74 / Getty Images

18. Illinois
> State income tax collections per capita, 2019: $1,305
> Income per capita, 2019: $58,764 — 14th highest
> Illinois’s top source of tax revenue: Property tax

Source: Davel5957 / Getty Images

17. Nebraska
> State income tax collections per capita, 2019: $1,316
> Income per capita, 2019: $54,515 — 20th highest
> Nebraska’s top source of tax revenue: Property tax

Source: peeterv / Getty Images

16. Montana
> State income tax collections per capita, 2019: $1,322
> Income per capita, 2019: $49,747 — 19th lowest
> Montana’s top source of tax revenue: Property tax

Sponsored: Tips for Investing

A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.