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Sunday, December 15, 2019

North Carolina ranks 18th in the U.S. for the most death and gift taxes paid in 2018.

Government

By Local Labs News Service | Nov 14, 2019

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In 2018, North Carolina collected $10.7 million in death and gift taxes, ranking it 18th in the United States, according to the U.S. Census Bureau's Annual Survey of State Government Tax Collections (STC).

The STC survey includes five broad tax categories and up to 25 subcategories. Data is gathered from all 50 state governments and all dependent state-level entities.

The Census Bureau cautions that it sets the tax classifications among the survey categories, and they may differ from the classifications set by the state governments.

Below is a breakdown of how taxes were classified by the bureau and how much was collected.

U.S. death and gift taxes by State in 2018
Rank
State
Amount
1
New York
$1,203,725,000
2
Pennsylvania
$982,470,000
3
New Jersey
$605,845,000
4
Massachusetts
$472,956,000
5
Illinois
$382,081,000
6
Connecticut
$223,789,000
7
Minnesota
$214,698,000
8
Maryland
$214,378,000
9
Washington
$208,610,000
10
Oregon
$176,453,000
11
Rhode Island
$133,103,000
12
Iowa
$82,600,000
13
Kentucky
$48,248,000
14
District of Columbia
$35,708,000
15
Hawaii
$29,351,000
16
Vermont
$22,935,000
17
Maine
$13,801,000
18
North Carolina
$10,735,000
19
Delaware
$4,425,000
20
Florida
$1,927,000
21
Wisconsin
$1,733,000
22
Virginia
$932,000
23
California
$577,000
24
Indiana
$409,000
25
Michigan
$283,000
26
Ohio
$213,000
27
Missouri
$54,000
28
New Mexico
$1,000
Source: U.S. Census Bureau

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