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2015 best & worst states for taxpayers

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#1 Tina



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Posted 16 April 2015 - 09:16 AM




The average American household pays roughly $17,000 in federal income taxes each year. And while we’re all faced with the same burden in that regard, there is significant disparity when it comes to state and local taxes. For example, taxpayers in the most expensive states spend three-times more to meet their civic burden than those in the cheapest states.




The purpose of this report was to determine which states pay the highest and lowest tax amounts, as well as to see how each state compares to the national average. We based this comparison on four types of taxation.

  1. Real Estate Tax: Median Real Estate Tax Amount Paid / Median Home Price for each state. We than used the rates in order to obtain the dollar amount paid as real estate tax for a house worth $173,200 – the median value for a home in U.S. (State Level)
  2. Vehicle Property Tax: Based on an examination of data pertaining to cities and counties comprising 50%+ of the state’s population and extrapolated this to the state level using weighted averages based on population size. Calculations assume ownership of 2014’s highest-selling car: the 2015 Toyota Camry L four-door sedan ($22,970)
  3. Income Tax:
  4. Sales & Excise Tax:



Interestingly, some of the states often known for being the most "libertarianish" are the lowest tax states.  (Alaska, Montana, Wyoming, Nevada)




Remember this when they tell you the income taxes from new jobs makes up for the loss of property tax revenue (due to TIF)

#2 IntegrityMatters


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Posted 16 April 2015 - 11:41 AM

Looks like we should all retire to Delaware!   Alaska is slightly less but too far away and too cold!  :smile:

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