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Best and Worst States, Taxes (Read 416 times)
KingOfPain
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Best and Worst States, Taxes
Apr 10th, 2009 at 12:27pm
 
The best and worst states for taxes

Where you live makes a big difference in how much you pay for everything from gas to tobacco. But no matter where you live, expect to start paying more.
By Scott McCredie
MSN Money

All 50 states may use similar methods to fund their budgets -- taxes on income, sales, property, fuel, alcohol, tobacco -- but each does so with its own formula.

The differences can be extreme. If you lived in Wyoming, the least-taxed state, you'd pay about $7 out of every $100 to the governor. In New Jersey, on the other end of the scale, you'd fork out $12. On average, state and local governments combine to loosen nearly 10% of your income from your grasp.

A smoker wanting to save some dough might prefer to live in South Carolina, which charges just 7 cents a pack -- as opposed to the state tax average of $1.19. A heavy drinker might want to move from Oregon, where hard liquor is taxed at the rate of nearly $21 a gallon, to Maryland or Washington, D.C., which have the country's lowest liquor taxes, $1.50 a gallon.

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Where does your state rank on taxes?

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Guiseppi
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Re: Best and Worst States, Taxes
Reply #1 - Apr 10th, 2009 at 12:30pm
 
Why am I not suprised...

Joe....from Kaleefornya!  My governor can still kick your governors a$$! Wink
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mummymac
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Re: Best and Worst States, Taxes
Reply #2 - Apr 10th, 2009 at 4:09pm
 
Our tax is 20% and insurance is 7%  making a total of 27% Deducted from the pay packet before you even start spending and all the stealth taxes , I do not know our duty on ciggs but I do know it is over 50%.

I have a dislike of the tax man  Angry
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