Vermont is Most Heavily Taxed State in Region

Even with a tax revenue shortfall discussed by Art Woolf several months ago, Vermont has still managed to collect more taxes per capita than any other state in the region. The Census Bureau recently released its quarterly report for April, May and June of this year. Using the last 4 quarterly reports dating back to July of 2016, we deduced that Vermonters paid a little over $3 billion in taxes from July 2016 to June 2017. New Hampshire collected $2.5 billion. This is startling considering that New Hampshire has a little more than double Vermont’s population. If Vermonters are paying twice the total amount of taxes that New Hampshirites are paying, are we really getting double the public services? That’s doubtful.

The other states in the region collect more revenue than Vermont, but then again, all of the other states in the region have larger populations, with more incomes, to pull from. Putting these numbers in per-capita terms helps to draw meaningful conclusions.

The least taxed state of New Hampshire collected $1,825/capita, which is $1,257 less per capita than the next closest state of Rhode Island. Rhode Island and Maine make up the next tier of taxation in the $3000 taxes/capita range. Mass., New York, and Conn., gravitated toward the $4000 tax/capita mark. Finally, Vermont exacted a whopping $5000 in taxes per capita. The gap between New Hampshire and Vermont is enormous: Vermont exacted 2.75 times more per capita in taxes than New Hampshire did since June 2016. Vermont certainly has a long way to go if it wants to escape from our position as the most heavily taxed state in the region.

 

Taxes per Capita

{ 2 comments… read them below or add one }

William Hays October 21, 2017 at 2:59 am

Adding insult to taxes, the following are rankings for average prices for residential electricity, per kWh:
NH = 4t @ $0.185
RI = 3 0.193
ME = 8t 0.156
MA = 2 0.198
NY = 4t 0.185
CT = 1 0,209
VT = 6 0.171
Source: US Energy Info Admin. for contreminious 48 states.
For comparison, OK = $0.101. I, in MT, pay $0.06845. AK pays less than CT!

Reply

Ed Peck October 23, 2017 at 11:18 am

Okay… are all the collected taxes spent in-state? Can a breakdown of expenditures be had?

Reply

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