New York and Hawaii top the list with 12% and 11.8% respectively. Alaska ends the list with 4.9%, followed by New Hampshire with 5.6%.
Alaskans don't pay state income tax, but neither do Florida, Nevada, South Dakota, Tennessee, Texas, Washington, or Wyoming. So, if you're trying to avoid taxes, they all sound like better bets.
New Hampshire still has a better state tax burden than any of them despite its 4% flat tax on interest and dividend income.
If you don't like paying taxes (and don't mind the cold), then Alaska might be worth the winters?
Meanwhile, we hear a lot about the exodus from California, but not from New York or Maine. Maybe it's the people ... or maybe it's their Governor?
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How Much Taxes Does Your State Pay?
For most Americans, tax season is over ... but I've got one more tax-related chart for you.
New York and Hawaii top the list with 12% and 11.8% respectively. Alaska ends the list with 4.9%, followed by New Hampshire with 5.6%.
Alaskans don't pay state income tax, but neither do Florida, Nevada, South Dakota, Tennessee, Texas, Washington, or Wyoming. So, if you're trying to avoid taxes, they all sound like better bets.
New Hampshire still has a better state tax burden than any of them despite its 4% flat tax on interest and dividend income.
If you don't like paying taxes (and don't mind the cold), then Alaska might be worth the winters?
Meanwhile, we hear a lot about the exodus from California, but not from New York or Maine. Maybe it's the people ... or maybe it's their Governor?
How Much Taxes Does Your State Pay?
For most Americans, tax season is over ... but I've got one more tax-related chart for you.
In April, I posted about where our tax dollars go. This month, let's look at what percentage of an average person's income goes to their state and local taxes.
via VisualCapitalist
New York and Hawaii top the list with 12% and 11.8% respectively. Alaska ends the list with 4.9%, followed by New Hampshire with 5.6%.
Alaskans don't pay state income tax, but neither do Florida, Nevada, South Dakota, Tennessee, Texas, Washington, or Wyoming. So, if you're trying to avoid taxes, they all sound like better bets.
New Hampshire still has a better state tax burden than any of them despite its 4% flat tax on interest and dividend income.
If you don't like paying taxes (and don't mind the cold), then Alaska might be worth the winters?
Meanwhile, we hear a lot about the exodus from California, but not from New York or Maine. Maybe it's the people ... or maybe it's their Governor?
Posted at 05:32 PM in Business, Current Affairs, Healthy Lifestyle, Market Commentary, Travel | Permalink
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