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Louisiana not best or worst to be rich or poor from tax perspective
Written by  // Monday, 23 March 2015 15:05 //

BATON-ROUGE-SKYFrom a tax perspective, Louisiana ranks in the middle when it comes to states best and worst to be rich or to be poor.

In a new survey from WalletHub, Louisiana that considers the best and the worst, Louisiana is not on the high or the low end of any of the findings.  

 

Here are two of the findings for Louisiana as it relates to comparative property tax burden for low-income earners and middle-income earners.   

  • The property tax burden for low-income earners is five times higher in New Jersey than in Louisiana.
     
  • The overall tax burden for middle-income earners is three times higher in New York than in Alaska.
     
  • The property tax burden for middle-income earners is six times higher in New Hampshire than in Louisiana.

In general, Alaska is the best place to live if you are rich or poor from a tax perspective


With the tax deadline for most Americans fast approaching and low- and middle-income families expected to pay higher effective tax rates than the rich, the leading personal finance social network WalletHub conducted an in-depth analysis of 2015’s Best States to Be Rich or Poor from a Tax Perspective.

In order to identify the best states where people in different income brackets spend the most and least on taxes, WalletHub calculated the share of one’s income that he or she contributes toward sales and excise taxes, property taxes and income taxes.

 

 

 

  Best States to Be Rich from a Tax Perspective   Worst States to Be Rich from a Tax Perspective
  1 Alaska   47 Minnesota
  2 Wyoming   48 New Jersey
  3 Nevada   49 Maryland
  4 Tennessee   50 Connecticut
  5 South Dakota   51 New York
  Best States to Be Poor from a Tax Perspective   Worst States to Be Poor from a Tax Perspective
  1 Alaska   47 Ohio
  2 Delaware   48 Arizona
  3 Montana   49 Illinois
  4 Nevada   50 Hawaii
  5 South Carolina   51 Washington


Key Stats

  • The overall tax burden for low-income earners is two times higher in Washington than in Alaska.
     
  • The sales and excise tax burden for low-income earners is six times higher in Washington than in Oregon.
     
  • The property tax burden for low-income earners is five times higher in New Jersey than in Louisiana.
     
  • The overall tax burden for middle-income earners is three times higher in New York than in Alaska.
     
  • The property tax burden for middle-income earners is six times higher in New Hampshire than in Louisiana.
     
  • The overall tax burden for high-income earners is four times higher in New York than in Alaska.


For the full report and to see where your state ranks, please visit: 
http://wallethub.com/edu/best-states-to-be-rich-poor-from-a-tax-perspective/11257/

 


State

“Low Income” Rank 
(Tax Burden as a % of Income)

“Middle Income” Rank 
(Tax Burden as a % of Income)

“High Income” Rank 
(Tax Burden as a % of Income)

Alabama 25
(9.61%)
20
(8.82%)
9
(6.03%)
Alaska 1
(5.40%)
1
(4.50%)
1
(3.43%)
Arizona 48
(11.70%)
18
(8.75%)
18
(7.36%)
Arkansas 46
(11.46%)
49
(11.29%)
37
(9.16%)
California 21
(9.49%)
15
(8.58%)
39
(9.35%)
Colorado 14
(8.68%)
17
(8.73%)
16
(7.26%)
Connecticut 34
(10.04%)
46
(10.77%)
50
(11.19%)
Delaware 2
(5.43%)
2
(5.70%)
10
(6.14%)
District of Columbia 7
(7.76%)
37
(10.16%)
43
(9.80%)
Florida 17
(9.23%)
10
(7.67%)
7
(5.56%)
Georgia 30
(9.87%)
30
(9.77%)
30
(8.46%)
Hawaii 50
(12.30%)
48
(10.86%)
31
(8.72%)
Idaho 11
(8.47%)
11
(7.73%)
22
(7.94%)
Illinois 49
(12.10%)
50
(11.30%)
44
(9.83%)
Indiana 44
(11.19%)
45
(10.72%)
24
(8.19%)
Iowa 39
(10.47%)
35
(10.03%)
33
(8.90%)
Kansas 29
(9.84%)
26
(9.50%)
26
(8.31%)
Kentucky 41
(10.62%)
40
(10.44%)
35
(9.10%)
Louisiana 35
(10.05%)
27
(9.57%)
14
(6.91%)
Maine 20
(9.35%)
28
(9.60%)
41
(9.59%)
Maryland 26
(9.70%)
47
(10.80%)
49
(10.40%)
Massachusetts 32
(9.92%)
31
(9.85%)
38
(9.16%)
Michigan 22
(9.50%)
25
(9.50%)
25
(8.19%)
Minnesota 24
(9.58%)
33
(9.94%)
47
(9.92%)
Mississippi 42
(10.77%)
38
(10.19%)
15
(7.12%)
Missouri 23
(9.51%)
22
(9.20%)
27
(8.32%)
Montana 3
(6.10%)
4
(6.59%)
12
(6.42%)
Nebraska 36
(10.23%)
39
(10.41%)
36
(9.14%)
Nevada 4
(7.00%)
3
(6.28%)
3
(4.71%)
New Hampshire 8
(7.99%)
8
(7.43%)
6
(5.36%)
New Jersey 33
(10.03%)
29
(9.71%)
48
(10.29%)
New Mexico 38
(10.37%)
34
(10.03%)
21
(7.87%)
New York 43
(10.89%)
51
(12.41%)
51
(12.40%)
North Carolina 18
(9.32%)
24
(9.37%)
29
(8.40%)
North Dakota 10
(8.37%)
12
(7.92%)
8
(5.70%)
Ohio 47
(11.46%)
41
(10.51%)
42
(9.62%)
Oklahoma 31
(9.90%)
23
(9.34%)
20
(7.77%)
Oregon 9
(7.99%)
14
(8.51%)
32
(8.78%)
Pennsylvania 45
(11.39%)
36
(10.10%)
34
(8.91%)
Rhode Island 37
(10.28%)
42
(10.65%)
45
(9.85%)
South Carolina 5
(7.08%)
13
(8.01%)
17
(7.31%)
South Dakota 28
(9.80%)
7
(7.17%)
5
(5.17%)
Tennessee 16
(9.17%)
6
(7.02%)
4
(4.97%)
Texas 40
(10.57%)
9
(7.55%)
13
(6.53%)
Utah 12
(8.60%)
16
(8.70%)
19
(7.75%)
Vermont 19
(9.34%)
32
(9.86%)
40
(9.44%)
Virginia 15
(8.81%)
19
(8.80%)
28
(8.36%)
Washington 51
(13.03%)
44
(10.69%)
11
(6.38%)
West Virginia 13
(8.65%)
21
(8.93%)
23
(8.13%)
Wisconsin 27
(9.76%)
43
(10.68%)
46
(9.89%)
Wyoming 6
(7.68%)
5
(6.65%)
2
(3.98%)

Best-States-to-be-Rich-&-Poor-from-a-Tax-Perspective-Artwork-v2

Detailed Findings
StateIncome LevelSales Tax as % of IncomeProperty Tax  as % of IncomeIncome Tax as % of IncomeTotal Tax as % of Income
Alabama Low 6.26% 1.23% 2.13% 9.61%
Middle 5.01% 1.13% 2.68% 8.82%
High 2.30% 1.10% 2.64% 6.03%
Alaska Low 2.44% 2.80% 0.16% 5.40%
Middle 1.65% 2.75% 0.10% 4.50%
High 0.88% 2.35% 0.20% 3.43%
Arizona Low 7.22% 3.42% 1.06% 11.70%
Middle 4.66% 2.53% 1.57% 8.75%
High 2.72% 2.27% 2.37% 7.36%
Arkansas Low 8.06% 1.56% 1.85% 11.46%
Middle 7.13% 1.50% 2.66% 11.29%
High 3.93% 1.35% 3.88% 9.16%
California Low 6.25% 2.81% 0.43% 9.49%
Middle 4.47% 2.71% 1.40% 8.58%
High 2.35% 2.85% 4.15% 9.35%
Colorado Low 4.89% 2.10% 1.69% 8.68%
Middle 4.07% 2.12% 2.54% 8.73%
High 1.99% 2.00% 3.27% 7.26%
Connecticut Low 5.02% 4.81% 0.21% 10.04%
Middle 3.81% 4.71% 2.25% 10.77%
High 2.46% 4.33% 4.40% 11.19%
Delaware Low 2.01% 1.64% 1.78% 5.43%
Middle 1.27% 1.40% 3.03% 5.70%
High 0.72% 1.26% 4.16% 6.14%
District of Columbia Low 5.47% 2.15% 0.14% 7.76%
Middle 4.44% 2.00% 3.72% 10.16%
High 2.45% 2.15% 5.19% 9.80%
Florida Low 7.32% 1.91% 0.00% 9.23%
Middle 5.45% 2.22% 0.00% 7.67%
High 3.14% 2.40% 0.02% 5.56%
Georgia Low 5.32% 2.30% 2.25% 9.87%
Middle 4.30% 2.30% 3.17% 9.77%
High 2.33% 2.20% 3.93% 8.46%
Hawaii Low 8.50% 1.20% 2.60% 12.30%
Middle 5.59% 1.42% 3.85% 10.86%
High 3.06% 1.26% 4.40% 8.72%
Idaho Low 5.10% 2.44% 0.93% 8.47%
Middle 3.84% 1.76% 2.13% 7.73%
High 2.06% 1.60% 4.29% 7.94%
Illinois Low 5.62% 4.42% 2.06% 12.10%
Middle 4.37% 4.11% 2.82% 11.30%
High 2.48% 4.36% 3.00% 9.83%
Indiana Low 6.31% 1.93% 2.95% 11.19%
Middle 4.73% 2.27% 3.71% 10.72%
High 2.49% 2.05% 3.66% 8.19%
Iowa Low 5.63% 2.65% 2.20% 10.47%
Middle 4.50% 2.50% 3.03% 10.03%
High 2.24% 2.57% 4.10% 8.90%
Kansas Low 6.87% 2.53% 0.44% 9.84%
Middle 5.12% 2.60% 1.78% 9.50%
High 2.99% 2.68% 2.64% 8.31%
Kentucky Low 5.14% 1.71% 3.77% 10.62%
Middle 3.83% 1.74% 4.87% 10.44%
High 2.11% 1.83% 5.16% 9.10%
Louisiana Low 7.75% 0.99% 1.31% 10.05%
Middle 6.50% 0.90% 2.17% 9.57%
High 3.39% 0.92% 2.60% 6.91%
Maine Low 5.20% 3.01% 1.15% 9.35%
Middle 3.80% 3.26% 2.54% 9.60%
High 1.99% 3.20% 4.39% 9.59%
Maryland Low 5.25% 2.04% 2.41% 9.70%
Middle 4.02% 2.48% 4.30% 10.80%
High 2.09% 2.68% 5.64% 10.40%
Massachusetts Low 3.92% 3.77% 2.23% 9.92%
Middle 2.95% 3.22% 3.67% 9.85%
High 1.92% 3.10% 4.15% 9.16%
Michigan Low 4.97% 2.01% 2.52% 9.50%
Middle 3.58% 2.60% 3.32% 9.50%
High 2.00% 2.58% 3.61% 8.19%
Minnesota Low 5.38% 2.64% 1.56% 9.58%
Middle 4.21% 2.79% 2.94% 9.94%
High 2.41% 2.73% 4.78% 9.92%
Mississippi Low 7.17% 2.20% 1.40% 10.77%
Middle 5.78% 2.07% 2.34% 10.19%
High 2.81% 1.60% 2.71% 7.12%
Missouri Low 5.14% 2.68% 1.68% 9.51%
Middle 3.99% 2.30% 2.91% 9.20%
High 2.27% 2.30% 3.75% 8.32%
Montana Low 1.92% 3.22% 0.96% 6.10%
Middle 1.16% 2.66% 2.76% 6.59%
High 0.46% 2.29% 3.67% 6.42%
Nebraska Low 5.82% 3.61% 0.80% 10.23%
Middle 4.57% 3.31% 2.53% 10.41%
High 2.48% 3.00% 3.66% 9.14%
Nevada Low 4.80% 1.60% 0.60% 7.00%
Middle 3.59% 2.16% 0.53% 6.28%
High 2.21% 2.05% 0.46% 4.71%
New Hampshire Low 2.19% 5.20% 0.60% 7.99%
Middle 1.65% 5.18% 0.60% 7.43%
High 0.72% 3.94% 0.70% 5.36%
New Jersey Low 4.65% 5.30% 0.09% 10.03%
Middle 3.51% 4.80% 1.40% 9.71%
High 2.02% 5.07% 3.20% 10.29%
New Mexico Low 7.98% 1.80% 0.60% 10.37%
Middle 6.13% 1.74% 2.16% 10.03%
High 3.19% 1.46% 3.23% 7.87%
New York Low 6.37% 4.30% 0.21% 10.89%
Middle 4.75% 4.17% 3.49% 12.41%
High 2.58% 4.27% 5.56% 12.40%
North Carolina Low 5.04% 1.66% 2.62% 9.32%
Middle 3.65% 2.10% 3.62% 9.37%
High 2.02% 2.05% 4.33% 8.40%
North Dakota Low 6.34% 1.50% 0.53% 8.37%
Middle 5.58% 1.57% 0.78% 7.92%
High 3.00% 1.50% 1.20% 5.70%
Ohio Low 5.88% 3.18% 2.40% 11.46%
Middle 4.57% 2.60% 3.34% 10.51%
High 2.99% 2.53% 4.10% 9.62%
Oklahoma Low 6.80% 1.94% 1.16% 9.90%
Middle 5.37% 1.53% 2.44% 9.34%
High 3.15% 1.32% 3.31% 7.77%
Oregon Low 1.53% 3.47% 3.00% 7.99%
Middle 0.93% 2.84% 4.74% 8.51%
High 0.42% 2.64% 5.73% 8.78%
Pennsylvania Low 4.85% 3.15% 3.40% 11.39%
Middle 3.40% 2.80% 3.90% 10.10%
High 1.95% 3.00% 3.96% 8.91%
Rhode Island Low 5.59% 3.71% 0.99% 10.28%
Middle 3.88% 4.47% 2.30% 10.65%
High 2.17% 4.39% 3.30% 9.85%
South Carolina Low 4.12% 2.09% 0.88% 7.08%
Middle 3.61% 2.05% 2.35% 8.01%
High 1.78% 1.70% 3.83% 7.31%
South Dakota Low 7.61% 2.19% 0.00% 9.80%
Middle 5.37% 1.80% 0.00% 7.17%
High 3.09% 2.09% 0.00% 5.17%
Tennessee Low 7.44% 1.73% 0.00% 9.17%
Middle 5.41% 1.51% 0.10% 7.02%
High 3.27% 1.51% 0.19% 4.97%
Texas Low 7.72% 2.85% 0.00% 10.57%
Middle 4.88% 2.67% 0.00% 7.55%
High 3.34% 3.19% 0.00% 6.53%
Utah Low 5.64% 1.96% 1.00% 8.60%
Middle 3.65% 1.70% 3.35% 8.70%
High 2.14% 1.59% 4.02% 7.75%
Vermont Low 4.64% 4.50% 0.20% 9.34%
Middle 3.55% 4.71% 1.61% 9.86%
High 1.87% 4.27% 3.30% 9.44%
Virginia Low 4.01% 2.40% 2.41% 8.81%
Middle 3.00% 2.30% 3.49% 8.80%
High 1.67% 2.53% 4.16% 8.36%
Washington Low 9.76% 3.27% 0.00% 13.03%
Middle 8.16% 2.53% 0.00% 10.69%
High 4.17% 2.22% 0.00% 6.38%
West Virginia Low 5.48% 1.28% 1.89% 8.65%
Middle 4.44% 1.19% 3.29% 8.93%
High 2.15% 1.30% 4.68% 8.13%
Wisconsin Low 5.04% 3.23% 1.49% 9.76%
Middle 3.60% 3.52% 3.56% 10.68%
High 2.11% 3.34% 4.44% 9.89%
Wyoming Low 5.53% 2.16% 0.00% 7.68%
Middle 4.65% 2.00% 0.00% 6.65%
High 2.22% 1.76% 0.00% 3.98%

 
Note: The small difference that might exist in some cases when adding up the sub-components is the consequence of rounding to two decimal points the results.

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