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.
Where to Live if You Just Graduated From College
Where to Live if You Just Graduated From College A fresh new crop of college graduates has just recently walked across that grand stage in caps and gowns to receive their hard-earned diplomas. It also means that thousands of young graduates are busy looking for a job, and in many cases, a new place to…
Unusual Habits Creative People Have in Common
Unusual Habits Creative People Have in Common If you spend some time considering some of the most creative people in the world and the many contributions they’ve made to society, you will surely be amazed. From Steve Jobs and Bill Gates in the tech industry to Warren Buffet in the business world, as well as…
The Most Valuable Items to Include In Your Garden
The most valuable items to include in your garden may surprise you. Gardens come in all shapes and sizes and can be very personal. Plus, with so many diverse fruits and vegetables, there is no end to what you can grow in your own personal garden. However, what kinds of things have the most value?…
The Top Meaningful Jobs That Also Pay Well
The Top Meaningful Jobs That Also Pay Well Most people want to find purpose in their life. Even the wealthiest of individuals typically come to realize that there is so much more to life than making money. After all, if you don’t have opportunities to enjoy your success, does it really matter how much money…