Hello Rajaram,

ALASKA,

• Taxes paid as pct. of income: 6.5%
• Income per capita: $55,646 (8th highest)
• State income tax collections per capita: None
• Property tax collections per capita: $2,001 (11th highest)
• General sales tax collections per capita: None

Largely because Alaska levies no sales or income tax, the state has the lowest tax burden as a share of income per capita of any state. Because the state has fewer revenue streams, a larger than typical share of Alaska’s budget funding comes from property taxes and corporate income tax. Some 57.2% of state and local revenue came from property taxes in fiscal 2015, and 8.8% came from corporate income tax, respectively, the second and third largest shares among states.

A low tax burden on residents does not mean the state has limited revenue. Alaska has one of the largest proved oil reserves of any state and levies a 35% tax on all oil and gas produced in the state. This contributed to Alaska’s high total revenue per capita of $10,418 in fiscal 2016, the second highest population-adjusted revenue figure of any state.

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