Montana Has High Taxes

Montana Has High Taxes

At last night’s Lincoln-Reagan Day Dinner, Sen. Joe Balyeat spoke of Montana income tax rates compared with other states.

Apologists often call Montana taxes light. That’s not so.

A taxpayer making $75,000 pays the 11th most taxes of all earners of that level in the 50 states.

Our top rate of 6.9% is the 16th highest rate out of 50 states.

Our capital gains rate is 4.9%

My previous studies comparing Montana’s tax burden with that of other states show that in relation to Median Household Income, Montana has the 8th highest taxes in the US. In relation to disposable income, Montana has the 5th highest taxes in the US. That’s because our Median Household Income is so low, and our disposable income is so low, but our taxes are middle-of-the-pack.


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