Arizonans Pay Less Taxes Than the Average American, Report Says

Think you have it bad when it comes to taxes? Well as it turns out, Arizona actually fares better than the rest of the country.

The Arizona Republic shares a new report by the Tax Foundation, which pinpoints the fact that “tax-freedom day” arrives April 15th in Arizona, compared to April 24th in the rest of the country. The date is determined on how long it would take for the state to pay all federal, state and local taxes on average.

Arizona takes less time to pay off all taxes, which is an indicator of “modest” personal income tax rates, residential property-tax rates and low personal incomes. According to the Bureau of Economic Analysis, Arizona ranks 42nd in the country for per capita income at around $39,100.

The same concept applies for other states with even earlier “tax-freedom days.” For instance, Mississippi had the earliest tax-freedom day out of the whole country, at April 5th, and according to the BEA Analysis, had a personal income average of $35,400.

Tax-freedom day on the other hand, came the latest for Connecticut at May 21st. They scored a personal income average this year at $67,000.