Category: Taxes

Soulia: Estimating VT’s real-feel tax burden

On paper, Vermont’s tax burden appears moderate: according to the Institute on Taxation and Economic Policy (ITEP), the combined state and local tax burden ranges from 6.3% for the wealthiest households to 10.6% for the lowest-income earners. But when actual Vermonters break down their paychecks and monthly bills, the numbers often feel much higher—sometimes pushing into the 30–40% range before factoring in basic living costs like housing, fuel, and food.

VT 5th highest sports betting tax in U.S.

New Hampshire, New York and Rhode Island have the highest tax rate for sports-books, at 51%, earning all three Northeast states a collective No. 1 ranking. Vermont, which entered the sports betting market last year, was ranked fifth highest in the nation, according to the report with a 31.7% tax rate on sports betting.