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Wednesday, October 9, 2024

Vermont ranks 41st in the U.S. for the most individual income taxes paid in 2020

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In 2020, Vermont collected $762.6 million in individual income taxes, ranking it 41st in the United States, according to the U.S. Census Bureau's Annual Survey of State Government Tax Collections (STC).

The STC survey includes five broad tax categories and up to 25 subcategories. Data is gathered from all 50 state governments and all dependent state-level entities.

The Census Bureau cautions it sets the tax classifications among the survey categories, and they may differ from the classifications set by the state governments.

Below is a breakdown of how taxes were classified by the bureau and how much was collected.

U.S. individual income taxes by State in 2020
RankStateAmount
1California$84,412,243,000
2New York$53,659,401,000
3Illinois$17,956,356,000
4Massachusetts$17,414,713,000
5New Jersey$15,412,766,000
6Virginia$14,996,649,000
7North Carolina$12,505,906,000
8Pennsylvania$12,372,183,000
9Georgia$11,704,328,000
10Minnesota$10,923,158,000
11Maryland$10,698,876,000
12Michigan$9,029,493,000
13Oregon$8,635,668,000
14Wisconsin$8,514,409,000
15Indiana$8,303,278,000
16Ohio$8,284,983,000
17Connecticut$8,177,456,000
18Colorado$7,539,184,000
19Missouri$5,901,668,000
20South Carolina$5,095,531,000
21Kentucky$4,831,399,000
22Arizona$4,530,410,000
23Alabama$4,274,052,000
24Iowa$3,960,027,000
25Louisiana$3,916,190,000
26Utah$3,734,504,000
27Kansas$3,380,030,000
28Oklahoma$3,364,947,000
29Arkansas$2,914,939,000
30Nebraska$2,445,647,000
31District of Columbia$2,377,236,000
32Hawaii$2,359,093,000
33West Virginia$1,947,946,000
34Idaho$1,913,459,000
35Mississippi$1,861,263,000
36Maine$1,843,459,000
37Delaware$1,685,848,000
38Montana$1,338,737,000
39Rhode Island$1,241,856,000
40New Mexico$1,227,926,000
41Vermont$762,641,000
42North Dakota$376,864,000
43New Hampshire$122,631,000
44Tennessee$57,642,000
Source: U.S. Census Bureau

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