Commentary: New York and New Jersey Are Among the Top 10 States Where Residents Pay the Highest Lifetime Taxes

Tax withholding forms

In the mood for a depressing statistic? A new report from the financial services firm Self concludes that the average American will pay an astounding $525,037 in taxes over their lifetime—roughly 34 percent of their lifetime earnings. 

But the numbers aren’t uniform across the country; they vary wildly from state to state. Based on taxes on earnings, spending, property, and cars, here are the 10 states where residents pay the highest taxes over a lifetime.

1. New Jersey

Topping the list is New Jersey, where residents will, on average, owe an astounding $932,000 in taxes over their lifetime. That’s nearly 50 percent of their typical lifetime earnings!

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Report: Nike Has Not Paid Federal Income Taxes Since 2018

Nike Store

A new report reveals that Nike is one of over two dozen corporations that have not paid any federal income taxes since 2018, as reported by Breitbart.

The report comes from the Institute on Taxation and Economic Policy, which shows that at least 55 of the biggest companies in America did not pay any federal income taxes in the year 2020. Of those 55, 26 have not paid this tax since 2018. This means that a collective total of approximately $8.5 billion was not paid last year, with the 55 companies instead receiving approximately $40.5 billion in pre-tax income.

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Yet Another Ohio Democrat, Allison Russo, Wants to Raise Income Taxes

Like Mary Lightbody, who we introduced to you last month, Ohio House Democrat candidate Allison Russo wants to raise taxes on Ohioans.  And like Lightbody, Allison Russo recently let slip in a public forum that she likely wants to raise state income taxes, especially income taxes on small businesses. Russo,…

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