According to a new study by SmartAsset the top 1% of households in the U.S. earn approximately 19.5% of the total income but pay around 37% of the total income taxes. Not all states, however, are created equal when it comes to the share of income taxes that high earners contribute.
In states like Wyoming, Florida and Nevada the top 1% pay over 50% of all income tax revenue. On the other end of the spectrum, the share of income tax paid by top earners is less than one-third. Here are the five states where the top 1% pay the least in taxes, per SmartAsset.
