LIVE WITH QUIN HILLYER: HEALTHCARE FOLDS

Wednesday, 08 April 2015 12:21
Louisiana 19th ranked state for being a taxpayer
 

wallettaxIt’s no secret that tax bills aren’t created equal. But while most of us understand that some states don’t charge income or sales taxes, we don’t necessarily realize how state-by-state tax differences result in us paying considerably more (or less) than our neighbors in other states. To answer that question, WalletHub today released a report on 2015’s Best & Worst States to Be a Taxpayer.

 

 

 

 

 

 

WalletHub compared tax rates in the 50 states as well as the District of Columbia in terms of the national average consumer’s income and spending habits.

                                                                               


  Best States to be a Taxpayer   Worst States to be a Taxpayer
  1 Alaska   42 New Jersey
  2 Delaware   43 Iowa
  3 Montana   44 Ohio
  4 Wyoming   45 Michigan
  5 Nevada   46 New York
  6 Tennessee   47 Connecticut
  7 Idaho   48 Rhode Island
  8 South Carolina   49 Wisconsin
  9 California   50 Nebraska
  10 Florida   51 Illinois

 

 

 

 

             

Key Stats

  • Tax rates in the most expensive states are 3-times more than those in the least expensive states.
     
  • New York’s state cigarette excise tax rate is 26-times higher than Missouri’s.
     
  • Tax rates are 10.92% higher in Blue States than in Red States.
     
  • Washington’s sales & excise tax rate is 9-times higher than Oregon’s.
     
  • Pennsylvania’s gas tax rate is twice as high as Alaska’s.


To check out the full report and see where your state ranks, please visit: http://wallethub.com/edu/best-worst-states-to-be-a-taxpayer/2416/

Media Sources

BayoubuzzSteve

Website: www.bayoubuzz.com
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