A tax on Vermonters income from dividends and capital gains is worth about $13 million in federal revenue, according to a study released Monday by the nonpartisan Tax Policy Center.
The Vermont income-tax rate is about 15 percent and the state’s overall state tax burden is about 7.3 percent.
Vermont was the second-highest-taxed municipality in the nation in 2015, after Las Vegas, which was at 9.3.
The study was commissioned by the Taxpayers Protection Alliance, a Washington, D.C.-based nonprofit that advocates for lower taxes.
The group said the Vermont tax on income from capital gains and dividends is the lowest of any state in the union, beating out Nevada’s 9.9 percent rate.
Vermonter residents have a combined state income tax rate of 6.2 percent.
The city has a lower tax burden than other parts of the state, which can add up to about $10,000 in extra taxes per year for residents.
Verminum’s average income is $35,800.
The tax rate on taxable income from business income of up to $100,000 is also less than in other parts