Which States Are Good, and Bad, for Taxes?
How attached are you to the state you live in? Although most people would rather not relocate, where a person lives can actually make a huge difference in his or her tax bill. That’s because Kiplinger recently released its list of the most and least “tax-friendly” states when it comes to taxes. The business publisher used three important tax factors to determine their results, including state income tax, gas tax and sales tax. Here’s what they found.
If you live in Delaware then chances are you’re happier than most about your tax bill. With an income tax coming in between 2.2 percent to 6.6 percent, along with no sales tax and well below average gas taxes, Delaware was number one on the list of most friendly tax states. Wyoming, Louisiana, Mississippi and Alabama were also on the friendliest list.
Meanwhile the news is not so good if you live in California. With an income tax reaching as high as 13 percent for the top earners, a 7.5 percent sales tax and a gas tax coming in at $.053, the golden state is number one on the list of least friendly tax states. Other states that will keep your tax bill high include New York, Connecticut and New Jersey. Click here to see the entire lists.
Everyone has to pay taxes, but you can click here to learn how GROCO can help you save on your taxes no matter which state you live in. Call us today at 1-877-CPA-2006.
5 Dynamic Philanthropy & Impact Investing Insights
The Power of Impact Investing: Bridging Philanthropy and Profit This article is based on an interview of Geoff “Chester” Wooley, Co-founder, Patamar Capital and current Board member of SKS Microfinance, India’s largest microfinance bank by Alan Olsen on his American Dreams show. Impact investing is more than a buzzword—it is a transformative approach that aligns…
3 Powerful Leadership and Mentorship Pillars
This article about powerful global leadership and mentorship pillars is based on an interview of Lew Cramer by Alan Olsen, CPA on his American Dreams show. In an era where global connections and visionary leadership drive progress, few individuals embody these principles as effectively as Mr. Cramer. As the President and CEO of Colliers International…
2025 State of Healthcare with Joe DeLuca
This week we welcome back Joe DeLuca, a healthcare innovator and executive leader with decades of experience in transforming health systems. Joe shares his journey from scientific research to becoming a trusted advisor and problem-solver in healthcare management and consulting. Key topics discussed: The current challenges and fragmented nature of the U.S. healthcare system. The…
Chris Kowalik: Simplifying Retirement Education
In this episode of American Dreams, we sit down with Chris Kowalik, founder and CEO of ProFeds, to discuss her inspiring journey from serving as a Marine Corps Arabic linguist to becoming a leader in retirement education for federal employees. Chris shares her insights on simplifying complex government benefits, empowering federal workers to make informed…