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Thursday, January 30, 2014

The 10 Worst States For Taxes in 2014

For upper middle income earners, high net-worth individuals, retirees, and certainly the “one percent” – where you live can make a huge difference in how much of your money you get to keep at the end of the year and how much you need to fork over to your state.

To help individuals and businesses make an informed choice, the Tax Foundation collects data on more than 100 tax provisions for each state and then ranks them to create its annual State Business Tax Climate Index. The 10 worst states on the list all levy complex, non-neutral taxes that favor some economic activities over others and have comparatively high individual and corporate tax rates.
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