Published 1 year ago

How burdensome are New Mexico’s taxes?

Summary by Ground News

New Mexico ranks at the 14th highest tax burden, according to WalletHub. Residents pay around 8.8% of their total personal income to state and local taxes. New York, Hawaii, and Maine occupy the top three spots. But, New Mexico's taxes are likely to change, thanks to an omnibus tax bill passed during the 2023 legislative session.

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KRQE News 13

How burdensome are New Mexico’s taxes?

A recent WalletHub study has answers compared each state's 'tax burden' to rank the proportion of total personal income residents pay towards state and local taxes.

1 year ago·Albuquerque, United States

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