Quick Answer: What States Bring In The Most Revenue?

Which tax brings in most revenue?

The individual income tax has been the largest single source of federal revenue since 1950, amounting to about 50 percent of the total and 8.1 percent of GDP in 2019 (figure 3)..

What is the largest source of state revenue?

The largest state and local general own-source funds came from charges and property taxes (both 17 percent), followed by general sales taxes (12 percent), individual income taxes (12 percent), and selective sales taxes (6 percent).

What state has lowest federal taxes?

10 states with the lowest personal income tax ratesWyoming.Washington.Texas.South Dakota.Nevada.Florida.Alaska.

Which states pay more in taxes than they receive?

Virginia, Kentucky, New Mexico and West Virginia get the most back from the federal government, raking in far more than they contribute. Virginia almost doubles its money, paying about $10,000 in tax revenues per resident, while receiving more than $20,000 in federal money per person.