- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
The 10 best and worst states for taxes in 2014
Posted on 2/2/14 at 2:04 pm
Posted on 2/2/14 at 2:04 pm
Best:
Worst:
LINK
Alaska
Just curious, why aren't more southern states in the top 10 best states for taxes list? I'd have expected to more than one state (FL) there.
quote:
Wyoming
State sales tax: 4 percent
State income tax: none
Per capita property tax: $2,633
South Dakota
State sales tax: 4 percent
State income tax: 0 percent
Per capita property tax: $1,142
Nevada
State sales tax: 6.85 percent
State income tax: 0 percent
Per Capita property tax: $1,297
Alaska
State Income tax: 0 percent
State sales tax: 0 percent
Per capita property tax: $1,865
Florida
State income tax: 0 percent
State sales tax: 6 percent
Per capita property tax: $1,507
Washington
State income tax: 0 percent
State sales tax: 6.5 percent
Per capita property tax: $1,257
Montana
State income tax: 6.9 percent
State sales tax: 0 percent
Per capita property tax: $1,296
New Hampshire
State income tax: 5 percent
State sales tax: 0 percent
Per capita property tax: $2,463
Utah
State income tax: 5 percent
State sales tax: 5.95 percent
Per capita property tax: $837
Indiana
State income tax: 3.4 percent
State sales tax: 7 percent
Per capita property tax: $1,182
Worst:
quote:
New York
Top State Income Tax Rate: 8.82 percent
Sales tax: 4 percent
Property taxes per capita: $2,280
New Jersey
Top State Income Tax Rate: 8.97 percent
Sales tax: 7 percent
Property taxes per capita: $2,819
California
Top State Income Tax Rate: 13.3 percent
Sales tax: 7.5 percent
Property tax per capita: $1,450
Minnesota
Top State Income Tax Rate: 7.85 percent
Sales tax: 6.875 percent
Property tax per capita: $1,412
Rhode Island
Top State Income Tax Rate: 5.99 percent
Sales tax: 7 percent
Property tax per capita: $2,083
Vermont
Top State Income Tax Rate: 8.95 percent
Sales tax: 6 percent
Property tax per capita: $2,166
North Carolina
Top State Income Tax Rate: 7.75 percent
Sales tax: 4.75 percent
Property tax per capita: $902
Wisconsin
Top State Income Tax Rate: 7.75 percent
Sales tax rate: 5 percent
Property tax per capita: $1,698
Connecticut
Top State Income tax Rate: 6.7 percent
Sales tax rate: 6.35 percent
Property tax per capita: $2,522
Maryland
Top state income tax rate: 5.75 percent
Sales tax rate: 6 percent
Per capita property tax: $1,467
LINK
Alaska
Just curious, why aren't more southern states in the top 10 best states for taxes list? I'd have expected to more than one state (FL) there.
7
Posted on 2/2/14 at 2:06 pm to hikingfan
quote:Well, we aren't in the bottom 10, so I consider it a win.
Just curious, why aren't more southern states in the top 10 best states for taxes list? I'd have expected to more than one state (FL) there.
Posted on 2/2/14 at 2:45 pm to hikingfan
Yea, frick California and most of the Yankee arse states.
Posted on 2/2/14 at 2:50 pm to hikingfan
Texas is always touted on here yet isn't in the top 10
Posted on 2/2/14 at 2:57 pm to Draconian Sanctions
quote:Not surprising. Property taxes are quite high here in the populated areas. No income tax, though. Where TX shines is there are almost no business taxes. $0 under $1Million in revenue.
Texas is always touted on here yet isn't in the top 10
This post was edited on 2/2/14 at 2:58 pm
Posted on 2/2/14 at 3:01 pm to Taxing Authority
I was pleasantly surprised to find out that a lot of essential items at the grocery store aren't taxed here in TX.
The property taxes can be high depending on where you are like you said.
I might be moving your way pretty soon buddy
The property taxes can be high depending on where you are like you said.
I might be moving your way pretty soon buddy
Posted on 2/2/14 at 3:02 pm to Powerman
quote:I'll buy you a beer!
I might be moving your way pretty soon buddy
Posted on 2/2/14 at 3:06 pm to hikingfan
Florida 
Posted on 2/2/14 at 3:23 pm to hikingfan
So what are the best areas of Alaska to live in? I know its beautiful but the idea of weeks without sunlight throws me off.
Posted on 2/2/14 at 3:32 pm to Draconian Sanctions
quote:
Texas is always touted on here yet isn't in the top 10
4th in terms of income vs cost of living/taxes.
LINK
Posted on 2/2/14 at 3:56 pm to hikingfan
quote:
New Hampshire
State income tax: 5 percent
State sales tax: 0 percent
NH's state "income tax" applies only to interest and dividend income, so that 5% is very misleading. You can make $500k a year in salary and not pay a penny of state income tax on it.
Posted on 2/2/14 at 4:00 pm to THRILLHO
I am not quite understanding their methodology. They seem to equate a low (or none) state income tax as being better than a low Property tax. No one ever lost their farm to state income taxes, high property taxes especially in rural states are a big problem for Farmers. Alabama has one of the lowest property tax set ups. Most of the states with a 1 in income tax have much higher property taxes.
Posted on 2/2/14 at 4:07 pm to hikingfan
I'm shocked California didn't make it in the worst list. Around LA, the taxes are the worst in the nation, and I don't think its really that close.
Posted on 2/2/14 at 4:12 pm to Draconian Sanctions
quote:
Texas is always touted on here yet isn't in the top 10
Nor should it be. Their property taxes are high.
One of my Texas colleagues has a similar lifestyle as I do and we figured out that he pays around the same in net taxes and usage fees than I do, here in Louisiana - and Louisiana isn't on that list either.
This post was edited on 2/2/14 at 4:15 pm
Posted on 2/2/14 at 4:14 pm to OMLandshark
quote:
I'm shocked California didn't make it in the worst list.
It was #3 in the worst list. Probably not worse because Prop 13 keeps a lid on property taxes.
Posted on 2/2/14 at 4:29 pm to Bestbank Tiger
Welcome to North Carolina!
This post was edited on 2/2/14 at 4:32 pm
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News