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.
Alec Atkinson – Founder of Harvest React
Alec Atkinson, founder HarvestReact. HarvestReact was founded in June of 2021. The company, geared in the a social media marketing realm, helps individuals setup drop shipping stores in the e-commerce realm. Prior to founding HarvestReact, Alec served as a missionary for The Church of Jesus Christ of Latter-day Saints. Alec is also a student at…
Steph Curry: Undeniable Greatness in 3 Takes
Having met Steph Curry in person, I think I can offer an opinion which might make sense to some. Namely, very few NBA players are undeniable great. If you ask any 10 highly informed NBA aficionados to list the top 10 greatest players of all time, you’ll get at least 25 different lists. It’s impossible…
Giacomo Marini – The Man Who Builds Tech Giants
Giacomo Marini, the cofounder of Logitech, a Silicon Valley-based entrepreneur and investor with extensive hands-on management experience in starting and growing new businesses, identifying, and leveraging emerging technologies, developing, and growing great management teams capable of operating on a global level. Marini has been Chairman and CEO of Noventi Ventures, a Silicon Valley-based technology investment…
Goodbye 2021, Hello 2022!
Goodbye 2021, hello 2022, finally! Here’s a brief review of our 2021; goals for 2022 to follow shortly. In so many ways we are glad 2021 is behind us. It was a very difficult year for many businesses and individuals; too many had businesses closed, experienced hardships and lives were shattered and lost. Our heartfelt…