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.
How Full-Stack Automation Can Help Your Business
How Full-Stack Automation Can Help Your Business Are you in the cloud? If you think that refers to someone who isn’t quite in touch with reality then you need a vocabulary refresher. These days, it’s a good thing to be in the cloud and just about everyone is headed there. From large-scale businesses to an…
Will There Ever Be a Colony on Mars?
Will There Ever Be a Colony on Mars? Whether or not you believe in Martians or life on Mars, there is a growing movement of people here on earth that wants to pursue, at very least, space travel to the Red Planet, and in some cases an actual community of Mars-dwellers. While, living on Mars…
Who will be the Next Elon Musk?
Who will be the Next Elon Musk? Everyone has heroes, for some, it’s Elon Musk. Truth is, we’ve all dreamed of becoming the next “great…” at some point in our lives. If you love basketball, then you’ve undoubtedly dreamed of becoming the next Michael Jordan at least once in your lifetime. If you live in…
The Facebook Approach to Hiring
The Facebook Approach to Hiring When you’re looking for someone to do some kind of service for you, whether it’s building a house, repairing a car, filing your taxes, or even fixing a broken a pipe, in most cases you look for someone who has experience. So how important is the experience? In many situations,…