Tuesday, March 5, 2019

Best States To Be Rich Or Poor

 I found the following information from Hubwallet interesting:
 
Best States to Be Poor from a Tax Perspective   Worst States to Be Poor from a Tax Perspective
1 Delaware   47 Indiana
2 Alaska   48 Pennsylvania
3 Montana   49 Hawaii
4 Utah   50 Illinois
5 South Carolina   51 Washington

For the full report and to see where your state ranks, please visit:
http://wallethub.com/edu/best-states-to-be-rich-poor-from-a-tax-perspective/11257/    

Key Stats:
  • The overall tax burden for low-income earners is three times higher in Washington than in Delaware.
     
  • The overall tax burden for middle-income earners is three times higher in New York than in Alaska.
     
  • The overall tax burden for high-income earners is four times higher in New York than in Alaska.
Best States to Be Rich from a Tax Perspective   Worst States to Be Rich from a Tax Perspective
1 Alaska   47 Vermont
2 Nevada   48 Maryland
3 Wyoming   49 Illinois
4 Tennessee   50 Connecticut
5 Florida   51 New York