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.
Just Jokes
Just Jokes One-liners Definitions of Accountants Newton’s Laws of Accounting Top 10 Signs Your Accountant is Nuts Top 10 Signs You’ve Hired a Bad Accountant Top 10 Pick-Up Lines of Accountants Top 10 Ways To Make Doing Your Taxes More Fun Top 10 Signs You Work in Public Accounting/Consulting You Might Be An Accountant If……
Strategic Planning for Life: A Moment with Jack Crawford of the Impact Venture Capital
Interview Transcript of: Strategic Planning for Life: A Moment with Jack Crawford of the Impact Venture Capital Jack Crawford: The fast-moving innovative area of technology was always fascinating to me and the idea of taking an idea and creating value in a short period of time was extremely interesting and so after being the founder…
Luxury Lifestyle Logistics | Jennifer Laurence
About Jennifer Laurence Jennifer is the founder and President of Luxury Lifestyle Logistics. She is a consummate hospitality professional who has loved domesticity for as long as she can remember. Early in her college career, she discovered the world of professional home management and private service through an estate management internship and knew she…
The State of Silicon Valley | Russell Hancock
About Russell Hancock Russell Hancock is President & CEO of Joint Venture Silicon Valley, a position he has held since 2003. In this role Dr. Hancock is best described variously: as a civic leader, community gatherer, institution builder, social entrepreneur, and outspoken advocate for regionalism. Since taking the helm of Joint Venture he has quadrupled…