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Thursday, March 20, 2014

What U.S. States Have The Highest And Lowest Taxes?

If you hate paying taxes, pay attention to where you live. Residents of the nation's lowest-tax states pay less than one-quarter of the levies contributed by those in the highest-tax states. And that's even when they earn the same amount and spend the same amount on everything from housing to beer, according to an analysis by personal finance site WalletHub.

The site looked at 10 different taxes, from property and state and local income taxes to those on vehicles, food, alcohol, fuel, telecommunications and sales. The total tax hit was based on a hypothetical individual earning $65,596, with a $174,600 home, a $17,547 car and who spends a set amount -- the national average -- on everything from groceries to gas.

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2 comments:

Anonymous said...

OMG Maryland is the 11th worst.

Anonymous said...

Chasing lower taxes is a shell game, they get it somewhere else.