State Tax Burden, 2019 January 27, 2019
Posted by geoff in News.trackback
The Tax Foundation has their annual assessment of the state & local tax burden for these United States. This includes sales tax, property tax, Here’s their map:
Your mileage may vary depending on your personal circumstances, but here are the 5 lowest-taxed states:
- Alabama
- Tennessee
- South Carolina
- Oklahoma
- Florida
If you live in Alabama, you pay ~$5800/year less than in new York. For a family of 4, that’s $1900/month extra income.
They note that this simple analysis (total taxes collected divided by population of state) distorts the situations of states where much of their tax revenue is collected from out-of-state payers, such as Florida, with its huge tourist revenue, or North Dakota, with its oil revenues (levied on consumers across the country).
If only you would have listed the “Top 6” lowest taxed states, Idaho would have made the list.
*Geezer shamelessly tries to attract like-minded IB’ers to move to the Spud State.
I haven’t paid state taxes since Sacramento declared California a “Sanctuary State.”
OH WAIT.
I’m so screwed.
[…] No.1 is easy to guess; not No.50. State and local tax collection per capita for fiscal year 2016 [via]. […]