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The State of Vermont collects $7,527 in state and local tax collections per capita. Vermont has $7,299 in state and local debt per capita and has a 63 percent funded ratio of public pension plans. Vermont’s tax system ranks 43rd overall on the 2025 State Tax Competitiveness Index.
- State and Local Tax Collections Per Capita by State (FY 2021)
For FY 2021, the District of Columbia surpassed all states...
- State and Local Tax Collections Per Capita by State (FY 2021)
May 22, 2023 · Vermont’s tax collections total $6,356 per capita, or 10.3% of the state’s income per capita of $61,882. Both the dollar amount and the tax rate are the highest of all states.
Vermont levies an individual income tax with multiple brackets, including a top marginal rate of 8.75 percent; the tax also includes a marriage penalty for joint filers. The Green Mountain State levies a tax at a flat rate of 16 percent on estates worth more than $5 million.
Aug 27, 2024 · In the fiscal year of 2023, the state of California collected a total of 220.59 billion U.S. dollars in tax revenue, the highest of any state. New York collected the second highest amount of...
Nov 21, 2023 · For FY 2021, the District of Columbia surpassed all states with $13,278 in per capita tax collections. New York followed at $10,266 in state and local tax collections per person, with Connecticut ($9,458), California ($9,175), New Jersey ($8,303), and Massachusetts ($8,101) not far behind.
Apr 21, 2023 · The overall tax burden in Vermont, which is a measure of taxes paid as a share of annual income, was 10.3% of the state's income per capita of $61,882. For comparison, the per capita state income tax burden nationwide stands at 6.0%.
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Jan 1, 2024 · Find out how much you'll pay in Vermont state income taxes given your annual income. Customize using your filing status, deductions, exemptions and more.