The only time the financial status of the top 1% of Americans doesn’t induce envy is during tax season. Not only does the top 1% pay taxes, but new data from GOBankingRates has uncovered that the super wealthy pay in aggregate anywhere from a few billion to more than $100 billion in taxes.
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GOBankingRates was able to determine these figures by analyzing individual tax returns by state as well as a number of additional factors sourced from the U.S. Census American Community Survey. Using data from the IRS SOI tax stats, the individual tax rates by income percentiles and by state were included.
Editor’s note: Dollar amounts originally were listed incorrectly as millions. They have been corrected to billions.
Key Findings
The top 1% in Wyoming pay the highest share of taxes in the United States. The top 1% pay 54.7% of all federal income taxes in the state, which amounts to about $2.5 billion in total.
Neither California nor Hawaii appear in the top 10 states for highest total income tax share. Besides Wyoming, the top 10 states include Florida (53.6%), Nevada (51.1%), New York (46.3%), Texas (44.5%), Connecticut (43.9%), Montana (42.9%), Arkansas (42.2%) Utah (41.2%) and Tennessee (41%).
The total income tax for the 1% is more than $50 billion in four states. From highest to lowest, these states include California ($122 billion), Florida ($96 billion), Texas ($81 billion) and New York ($79 billion).
In order of states with the highest to lowest tax share percentage, here’s where the 1% pay the most in taxes.
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1. Wyoming
Total income tax share for the top 1%: 54.7%
Average tax rate percentage for the top 1%: 23.1%
Total income tax for the top 1%: $2,460,940,000
Number of returns for the top 1%: 2,611
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2. Florida
Total income tax share for the top 1%: 53.6%
Average tax rate percentage for the top 1%: 26%
Total income tax for the top 1%: $96,264,565,000
Number of returns for the top 1%: 105,101
3. Nevada
Total income tax share for the top 1%: 51.1%
Average tax rate percentage for the top 1%: 25%
Total income tax for the top 1%: $11,010,104,000
Number of returns for the top 1%: 14,754
4. New York
Total income tax share for the top 1%: 46.3%
Average tax rate percentage for the top 1%: 27.6%
Total income tax for the top 1%: $79,488,609,000
Number of returns for the top 1%: 91,840
5. Texas
Total income tax share for the top 1%: 44.5%
Average tax rate percentage for the top 1%: 26.7%
Total income tax for the top 1%: $81,990,700,000
Number of returns for the top 1%: 128,130
6. Connecticut
Total income tax share for the top 1%: 43.9%
Average tax rate percentage for the top 1%: 28.1%
Total income tax for the top 1%: $16,284,881,000
Number of returns for the top 1%: 16,917
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7. Montana
Total income tax share for the top 1%: 42.9%
Average tax rate percentage for the top 1%: 24.8%
Total income tax for the top 1%: $2,690,156,000
Number of returns for the top 1%: 5,101
8. Arkansas
Total income tax share for the top 1%: 42.2%
Average tax rate percentage for the top 1%: 23.2%
Total income tax for the top 1%: $4,814,153,000
Number of returns for the top 1%: 12,198
9. Utah
Total income tax share for the top 1%: 41.2%
Average tax rate percentage for the top 1%: 24.2%
Total income tax for the top 1%: $7,477,634,000
Number of returns for the top 1%: 13,991
10. Tennessee
Total income tax share for the top 1%: 41%
Average tax rate percentage for the top 1%: 25.8%
Total income tax for the top 1%: $14,547,566,000
Number of returns for the top 1%: 30,531
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11. South Dakota
Total income tax share for the top 1%: 40.5%
Average tax rate percentage for the top 1%: 24.7%
Total income tax for the top 1%: $2,020,508,000
Number of returns for the top 1%: 4,062
12. Louisiana
Total income tax share for the top 1%: 38.7%
Average tax rate percentage for the top 1%: 26%
Total income tax for the top 1%: $6,806,423,000
Number of returns for the top 1%: 18,593
13. California
Total income tax share for the top 1%: 38.6%
Average tax rate percentage for the top 1%: 27%
Total income tax for the top 1%: $122,452,981,000
Number of returns for the top 1%: 175,045
14. Illinois
Total income tax share for the top 1%: 38.4%
Average tax rate percentage for the top 1%: 27.0%
Total income tax for the top 1%: $32,677,874,000
Number of returns for the top 1%: 56,794
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15. Georgia
Total income tax share for the top 1%: 38.3%
Average tax rate percentage for the top 1%: 25.8%
Total income tax for the top 1%: $21,001,340,000
Number of returns for the top 1%: 46,220
16. Mississippi
Total income tax share for the top 1%: 38.3%
Average tax rate percentage for the top 1%: 24.4%
Total income tax for the top 1%: $3,297,109,000
Number of returns for the top 1%: 11,731
17. Idaho
Total income tax share for the top 1%: 38.2%
Average tax rate percentage for the top 1%: 24%
Total income tax for the top 1%: $3,392,957,000
Number of returns for the top 1%: 8,145
18. Massachusetts
Total income tax share for the top 1%: 38.2%
Average tax rate percentage for the top 1%: 27.3%
Total income tax for the top 1%: $26,646,912,000
Number of returns for the top 1%: 32,795
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19. Arizona
Total income tax share for the top 1%: 38%
Average tax rate percentage for the top 1%: 25.3%
Total income tax for the top 1%: $14,438,918,000
Number of returns for the top 1%: 31,872
20. Oklahoma
Total income tax share for the top 1%: 37.8%
Average tax rate percentage for the top 1%: 24.6%
Total income tax for the top 1%: $5,622,529,000
Number of returns for the top 1%: 16,106
21. Missouri
Total income tax share for the top 1%: 37.2%
Average tax rate percentage for the top 1%: 25.4%
Total income tax for the top 1%: $10,481,163,000
Number of returns for the top 1%: 26,898
22. South Carolina
Total income tax share for the top 1%: 37.1%
Average tax rate percentage for the top 1%: 25.4%
Total income tax for the top 1%: $8,867,845,000
Number of returns for the top 1%: 23,203
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23. Nebraska
Total income tax share for the top 1%: 37%
Average tax rate percentage for the top 1%: 25%
Total income tax for the top 1%: $3,704,671,000
Number of returns for the top 1%: 8,660
24. Alabama
Total income tax share for the top 1%: 36.2%
Average tax rate percentage for the top 1%: 23.9%
Total income tax for the top 1%: $6,778,809,000
Number of returns for the top 1%: 20,185
25. Kansas
Total income tax share for the top 1%: 35.8%
Average tax rate percentage for the top 1%: 25.4%
Total income tax for the top 1%: $5,066,051,000
Number of returns for the top 1%: 12,643
26. Wisconsin
Total income tax share for the top 1%: 35.5%
Average tax rate percentage for the top 1%: 25.7%
Total income tax for the top 1%: $11,024,109,000
Number of returns for the top 1%: 27,293
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27. Indiana
Total income tax share for the top 1%: 35.5%
Average tax rate percentage for the top 1%: 25.1%
Total income tax for the top 1%: $10,518,818,000
Number of returns for the top 1%: 30,120
28. New Hampshire
Total income tax share for the top 1%: 35.4%
Average tax rate percentage for the top 1%: 25.6%
Total income tax for the top 1%: $3,946,877,000
Number of returns for the top 1%: 6,796
29. North Carolina
Total income tax share for the top 1%: 35.3%
Average tax rate percentage for the top 1%: 25.7%
Total income tax for the top 1%: $19,037,365,000
Number of returns for the top 1%: 46,525
30. Pennsylvania
Total income tax share for the top 1%: 35.1%
Average tax rate percentage for the top 1%: 25.8%
Total income tax for the top 1%: $26,128,752,000
Number of returns for the top 1%: 58,541
31. Michigan
Total income tax share for the top 1%: 35%
Average tax rate percentage for the top 1%: 24.5%
Total income tax for the top 1%: $16,650,121,000
Number of returns for the top 1%: 45,218
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32. Ohio
Total income tax share for the top 1%: 34.6%
Average tax rate percentage for the top 1%: 25.5%
Total income tax for the top 1%: $18,842,538,000
Number of returns for the top 1%: 53,103
33. Colorado
Total income tax share for the top 1%: 34.5%
Average tax rate percentage for the top 1%: 26%
Total income tax for the top 1%: $14,894,687,000
Number of returns for the top 1%: 27,685
34. North Dakota
Total income tax share for the top 1%: 34.4%
Average tax rate percentage for the top 1%: 25.9%
Total income tax for the top 1%: $1,521,767,000
Number of returns for the top 1%: 3,431
35. Kentucky
Total income tax share for the top 1%: 34.3%
Average tax rate percentage for the top 1%: 24.7%
Total income tax for the top 1%: $5,451,182,000
Number of returns for the top 1%: 18,395
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36. New Jersey
Total income tax share for the top 1%: 33.8%
Average tax rate percentage for the top 1%: 27.4%
Total income tax for the top 1%: $26,899,308,000
Number of returns for the top 1%: 43,042
37. Rhode Island
Total income tax share for the top 1%: 33.6%
Average tax rate percentage for the top 1%: 25.6%
Total income tax for the top 1%: $2,150,700,000
Number of returns for the top 1%: 5,224
38. Hawaii
Total income tax share for the top 1%: 33.6%
Average tax rate percentage for the top 1%: 24.7%
Total income tax for the top 1%: $2,455,554,000
Number of returns for the top 1%: 6,472
39. Iowa
Total income tax share for the top 1%: 33.2%
Average tax rate percentage for the top 1%: 24.8%
Total income tax for the top 1%: $4,813,252,000
Number of returns for the top 1%: 13,821
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40. Virginia
Total income tax share for the top 1%: 32.9%
Average tax rate percentage for the top 1%: 25.9%
Total income tax for the top 1%: $19,239,261,000
Number of returns for the top 1%: 39,103
41. Minnesota
Total income tax share for the top 1%: 32.6%
Average tax rate percentage for the top 1%: 26.3%
Total income tax for the top 1%: $11,524,941,000
Number of returns for the top 1%: 26,423
42. New Mexico
Total income tax share for the top 1%: 32.3%
Average tax rate percentage for the top 1%: 24.3%
Total income tax for the top 1%: $2,380,544,000
Number of returns for the top 1%: 9,310
43. Washington
Total income tax share for the top 1%: 32.1%
Average tax rate percentage for the top 1%: 25.6%
Total income tax for the top 1%: $20,012,467,000
Number of returns for the top 1%: 35,597
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44. Vermont
Total income tax share for the top 1%: 32%
Average tax rate percentage for the top 1%: 24.8%
Total income tax for the top 1%: $1,078,255,000
Number of returns for the top 1%: 3,123
45. Maine
Total income tax share for the top 1%: 30.5%
Average tax rate percentage for the top 1%: 24.4%
Total income tax for the top 1%: $1,976,671,000
Number of returns for the top 1%: 6,618
46. Maryland
Total income tax share for the top 1%: 30.5%
Average tax rate percentage for the top 1%: 26.5%
Total income tax for the top 1%: $12,675,749,000
Number of returns for the top 1%: 29,040
47. Delaware
Total income tax share for the top 1%: 30.4%
Average tax rate percentage for the top 1%: 25.6%
Total income tax for the top 1%: $1,647,326,000
Number of returns for the top 1%: 4,726
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48. Oregon
Total income tax share for the top 1%: 30.4%
Average tax rate percentage for the top 1%: 24.9%
Total income tax for the top 1%: $6,773,041,000
Number of returns for the top 1%: 19,053
49. West Virginia
Total income tax share for the top 1%: 30.3%
Average tax rate percentage for the top 1%: 24.8%
Total income tax for the top 1%: $1,647,747,000
Number of returns for the top 1%: 7,316
50. Alaska
Total income tax share for the top 1%: 26.4%
Average tax rate percentage for the top 1%: 25.2%
Total income tax for the top 1%: $1,016,945,000
Number of returns for the top 1%: 3,223
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.
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This article originally appeared on GOBankingRates.com: How Much the Top 1% Pay in Taxes in Every State
