Consumer finance site WalletHub has released a report on the states with the highest and lowest taxes.
In the
States with the Lowest Taxes (vs. National Average):
1. Wyoming (-66%)
2. Alaska (-60%)
3. Nevada (-52%)
4. Florida (-48%)
5. South Dakota (-46%)
6. Washington (-45%)
7. Texas (-25%)
8. Delaware (-25%)
9. North Dakota (-20%)
10. Colorado (-18%)
States with the Highest Taxes (vs. National Average):
1. Maine (+24%)
2. Iowa (+26%)
3. New Jersey (+27%)
4. Vermont (+27%)
5. Wisconsin (+29%)
6. Illinois (+29%)
7. Connecticut (+31%)
8. Nebraska (+36%)
9. California (+37%)
10. New York (+40%)
WalletHub also reported that the average family pays almost $7,000 in state and local taxes per year. Taxpayers in the states with the highest taxes pay four times more than those in the states with the lowest taxes. Red states impose lower taxes with an aggregate score of 19.9, compared to 31.4 for blue states. The lower the score the more tax friendly a state is, according to the site.
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