How Much the Top 1% Pay in Taxes in the Richest States
There is some thought that the top 1% of wealthy Americans do not pay their fair share of taxes. Whether that is true or not — and to what degree — is a debate for another article. What is true is that the wealthy pay billions in taxes in every state. Learn More: IRS Updates Earned Income Tax Credit for 2025 — More Families Eligible for Higher Credits Be Aware: 4 Affordable Car Brands You Won't Regret Buying in 2025 GOBankingRates looked at tax returns by state and other factors to determine how much the top 1% in the 10 richest states pay in income taxes — here they are listed by highest median income. DenisTangneyJr / Getty Images/iStockphoto Maryland Find Out: Here’s How Much Your State Collects on Every Type of Tax See More: Top 8 States To Move to If You Don’t Want To Pay Taxes on Social Security Jill_InspiredByDesign / Getty Images/iStockphoto Massachusetts Read Next: Can You Write Off Your Home Insurance on Your Taxes? New Jersey Jonathan Ross / iStock.com Hawaii Art Wager / Getty Images California View Next: 7 Tax Loopholes the Rich Use To Pay Less and Build More Wealth DenisTangneyJr / iStock.com New Hampshire Washington Connecticut That’s Interesting: 6 Reasons Your Tax Refund Will Be Higher in 2025 marekuliasz / iStock.com Colorado Utah Methodology: For this study, GOBankingRates analyzed individual tax returns by state to find out how much the top 1% pay in taxes. Using data from the IRS SOI tax stats, the individual tax rates by income percentiles and by state were included. The states were sorted to show the highest to lowest tax share percentage. All data was collected on and is up to date as of March 6, 2025. More From GOBankingRates This article originally appeared on GOBankingRates.com: How Much the Top 1% Pay in Taxes in the Richest States