When people talk tax rates, they usually talk federal income taxes.
But state tax rates, along with local taxes and sales taxes, can be just as significant when it comes to family finances.
A new study from the Institute on Taxation and Finance tallied up state and local income taxes, along with property, sales and excise taxes as a share of residents' household income.
It found that for the top one percent of earners, California is the most expensive state when it comes to state and local taxes. The top one percent of earners in California spend 8.8 percent of their income on state and local taxes (and that's before the tax hike in 2012).
(Read more: What's 'Rich'? Depends How Old (and Rich) You Are )
The rest of the top five are Hawaii and Vermont, both of which take eight percent of high-earners' income, followed by New Jersey and Oregon, which take seven percent.
Much of this is a function of income-tax rates. But local taxes also play a role. Vermont's top marginal income-tax rate of 8.95 percent is slightly less than New York's top tax rate, but its other taxes push its total higher than New York's.Page 1 of 2 | Next Page