10 Least Tax-Friendly States: 2019
(Related: Top 10 Tax-Friendly States: 2019) If you're thinking of relocating to another state, it's a good idea to consider how the 2017 tax reform law affected taxes in that state. The shakeup, Kiplinger tax editor Rocky Mengle said in a statement, "makes it harder to tell how a person's state taxes line up with those of a similarly situated person in a neighboring state." Kiplinger's latest ranking of states according to their tax friendliness provides comparisons to determine which are the most and least friendly. Kiplinger editors compiled the 2019 list by using a formula to compare the tax burden in the 50 U.S. states and the District of Columbia. A state's tax friendliness was the sum of several taxes, including the typically most significant ones: income tax, property tax, sales tax and fuel tax. All 10 of the least tax friendly states impose an income tax, compared with six of the 10 friendliest ones, which do not. Three of these uninviting states charge among the highest gas taxes in the country, and three have among the highest sales taxes. Kiplinger noted that its tax map was a companion project of its annual retiree tax map. Check out the gallery for Kiplinger's 2019 ranking of the 10 least tax-friendly states. --- Related on ThinkAdvisor:
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