Wednesday, October 2, 2019

The Least Tax Friendly States

Via Market Watch


Kiplinger’s has released its list of the most — and least — tax-friendly states in America. To determine this, it used a hypothetical couple with two kids and $150,000 in income a year plus $10,000 in dividend income, and then looked at their income, property and sales tax burden.

The results:

The 10 least tax-friendly states:
1. Illinois
2. Connecticut
3. New York
4. Wisconsin
5. New Jersey
6. Nebraska
7. Pennsylvania
8. Ohio
9. Iowa
10. Kansas

The 10 most tax-friendly states:
1. Wyoming
2. Nevada
3. Tennessee
4. Florida
5. Alaska
6. Washington
7. South Dakota
8. North Dakota
9. Arizona
10. New Hampshire

-RW

3 comments:

  1. Is there one of these lists that shows ease of doing business by state? I'm too lazy too look for it.

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  2. Amazing to see that CA is noted as "tax-friendly."

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  3. Note that the example is unusual because it reflect the relatively well-off KIplinger audience -- better to test a family w/ $75,000 of income, none of which comes from dividends.

    ReplyDelete