The Norman Transcript
NORMAN — Oklahoma ranks No. 39 in terms of total state and local tax burdens, a new Tax Foundation report shows.
The Tulsa World reports Oklahomans paid 8.5 percent of income in state and local taxes in 2011 compared to 9.8 percent for the nation. New York residents paid 12.6 percent, the nation’s highest and Wyoming was the lowest at 6.9 percent.
Texas came in at 7.5 percent. Oklahoma was lower than New Mexico, Colorado, Kansas, Missouri and Arkansas.
The Sooner state’s rate was half a percentage point lower than in 2010 and the lowest since at least 2005. It was about the same as it was in 1977, the first year for Tax Foundation figures.
The Tax Foundation said Oklahoma is one of the highest states for state and local sales taxes but one of the lowest for property taxes. Income taxes and severance taxes have declined over the past few years.
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