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 Stay Positive in Trying Times
How Stay Positive in Trying Times Staying positive is much better than focusing on the negative, but that is much easier said than done. If staying positive during adversity was easy, there wouldn’t be millions of dollars going to books, classes, special speakers, and the like regarding the subject. For most people, focusing on the…
Seven Keys to More Happiness
Seven Keys to More Happiness We all want to be happy, but what is happiness and how do we become happier? Happiness is not a destination, but rather a way of being. Author Margaret Lee Runbeck described it this way: “Happiness is not a station you arrive at, but a manner of traveling.” Many people…
A Look at the Evolution of Online Education
A Look at the Evolution of Online Education Like almost every other industry, the education industry has experienced a lot of change in the last two decades. Just as the Internet has influenced everything else, it has also had a great affect on education. Twenty-five years ago if you wanted to earn a college degree…
What is the Purpose of Your Business?
What is the Purpose of Your Business? Profit is the result of what a business does, but it is not the purpose. Businesses spend an inordinate amount of time asking questions about how things are done. For example: How has this been done in the past? How have other businesses done this? These kinds of…