Which are the least tax-friendly states in America? California doesn’t crack the top 10, but Illinois sure does

Which are the least tax-friendly states in America? California doesn’t crack the top 10, but Illinois sure does

Which are the least tax-friendly states in America? California doesn’t crack the top 10, but Illinois sure does

By / Investing / Wednesday, 02 October 2019 21:54

This week, the personal-finance publication Kiplinger’s released its list of the most — and least — tax-friendly states in America. To draw its conclusions, it used a hypothetical couple with two kids and $150,000 in income a year plus $10,000 in dividend income, and then looked at the income-, property- and sales-tax burden that family would face.

Illinois took the No. 1 spot on the list, thanks in large part to its high property taxes. The Land of Lincoln was followed by Connecticut and New York, both of which have pretty high-income taxes.

 

Read more at Market Watch.

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NexPro Media Staff

NexPro Media Staff

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