11 Worst US States for High Taxes

4) Vermont

For those considering settling in New England, it may be useful to know that Vermont has high taxes. There is quite a range for individual income tax, spanning from 3.55% to 8.95%. The percentage you will owe depends on how much income you earn. The highest tax bracket applies if you make at least $411,501 in taxable income. The sales tax sits at a solid 6%. Over the last 5 to 6 years, taxes and associated fees in Vermont have increased by over $640 million, which is an increase of nearly 25%. Per capita, the property taxes are $2,331. These taxes go towards education and municipal needs. Vermont also does have its own estate tax, separate from federal taxes. If the value of a deceased person’s property exceeds $2,750,000, a tax ranging from 0.8% to 16% will be applied.