If someone asked you to guess which city in the United States suffers from the heaviest tax burden, what would you say?
If you said New York City, you’d be wrong.
As it turns out, the most heavily taxed city in the U.S. is Bridgeport, Conn., followed closely by Milwaukee and Philadelphia, according to an annual report from the chief financial officer of the District of Columbia.
The report is based on a review of the combined tax burdens (income, sales and property) at five different income levels for a family of three in the largest city in each state, CNBC explained.
In fact, as noted by CNBC, Bridgeport has the highest burden at every income level above $50,000 and based on the dollar value of the combined tax burden at all income levels, is nearly “$16,500 more expensive than the next city on the list.”
On the opposite side of things, Cheyenne, Wyo., has the lightest tax burden of any city in the United States, registering at only 4.2 percent.
In fact, Cheyenne is the least expensive place to live at every income level above $75,000.
Oh, and in case you were wondering, New York City actually clocked in at No. 11.
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This post has been updated.
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