New York is still No. 1 when it comes to the tax burden it places on residents, a study out Wednesday revealed.
The conservative Tax Foundation, in its annual report, found that New York once again had the highest tax burden of any state in the nation, with 12.7% of income going to support state and local taxes.
New York has topped the Foundation’s list every year since 2005. The latest report comes despite Gov. Cuomo’s repeated claims to have revived the state’s economic climate.