Please ensure Javascript is enabled for purposes of website accessibility
Just Like Texas, California Is Rated 'Tax Friendly'
GV-Wire-1
By gvwire
Published 5 years ago on
October 8, 2019

Share

Kiplinger, a personal finance publication, has assembled a detailed summary of state taxes on income, property, and everything you buy.
While not landing among the Top 10 most-tax friendly states, California received Kiplinger’s “tax-friendly” designation — the same as its big economic rival, Texas.
“The Golden State’s reputation as a high-tax destination is built in part on how aggressively it goes after big earners, with a 13.3% tax rate that kicks in at $1 million (for single filers) of taxable income,” Kiplinger said. “But for more modest incomes, the impact is far milder, and property taxes are low. Still, Californians pay high sales taxes, as well as a high fuel taxes on all that driving they have to do.”
And here’s what Kiplinger says about Texas: “The Lone Star State is a place of extremes. There’s no income tax at all. On the other hand, sales taxes run high, as do property taxes.”
You can read the Kiplinger state-by-state guide to taxes at this link.

Mineral, Energy Production Keep Wyoming Taxes Low

Kiplinger rated Wyoming as the most tax-friendly state.
“One reason why Wyoming tops our tax-friendly list is because generous revenues from mineral and energy extraction continue to flow into the state,” Kiplinger analyzes. ” There is no income tax in Wyoming, and its gas tax is well below the national average of 31.7 cents per gallon. The state’s combined state and average local sales tax rate is also the third-lowest of all the states with a sales tax. And at 2 cents per gallon, Wyoming has the lowest beer tax in the U.S.”

Illinois Is a Basket Case

Meanwhile, Illinois has the dubious distinction of being the least tax-friendly state in the Union.
According to the Mercatus Center at George Mason University, Illinois also ranks last in fiscal health.
Certainly, its tax rates do residents no favors. For example, the yearly property tax on a $400,000 home is $9,634.
US Map of states based on tax friendliness
 

10 Least Tax-Friendly States

1. Illinois
2. Connecticut
3. New York
4. Wisconsin
5. New Jersey
6. Nebraska
7. Pennsylvania
8. Ohio
9. Iowa
10. Kansas

10 Most Tax-Friendly States

1. Wyoming
2. Nevada
3. Tennessee
4. Florida
5. Alaska
6. Washington
7. South Dakota
8. North Dakota
9. Arizona
10. New Hampshire

DON'T MISS

Smokey Robinson, Anthony Jeselnik, and Brit Floyd Are Top Choices for Father’s Day Weekend

DON'T MISS

This Shy Sweetheart Was Dumped in a Parking Lot with Her Siblings

DON'T MISS

Fresno City Attorney’s Wage Theft Unit Targets Valley Children’s Hospital

DON'T MISS

Fresno Police Chief Balderrama on Paid Leave, City Manager Says

DON'T MISS

Konstadinos T. Moros Discusses Gov. Newsom’s Proposed Firearms Amendment on Unfiltered

DON'T MISS

US Inflation Eases in May, Indicating Potential Relief from Price Pressures

DON'T MISS

Over 200 Rockets Launched from Lebanon Following Israeli Strike on Hezbollah Commander

DON'T MISS

Rep. Costa Blasts GOP House For Holding AG Merrick Garland in Contempt

DON'T MISS

Is California’s $20 Minimum Wage to Blame for Loss of 10,000 Fast-Food Jobs?

DON'T MISS

Balderrama: ‘I Plan on Leading This Police Department to Even Greater Heights’

UP NEXT

Fresno City Attorney’s Wage Theft Unit Targets Valley Children’s Hospital

UP NEXT

Fresno Police Chief Balderrama on Paid Leave, City Manager Says

UP NEXT

US Inflation Eases in May, Indicating Potential Relief from Price Pressures

UP NEXT

Over 200 Rockets Launched from Lebanon Following Israeli Strike on Hezbollah Commander

UP NEXT

Rep. Costa Blasts GOP House For Holding AG Merrick Garland in Contempt

UP NEXT

Is California’s $20 Minimum Wage to Blame for Loss of 10,000 Fast-Food Jobs?

UP NEXT

Balderrama: ‘I Plan on Leading This Police Department to Even Greater Heights’

UP NEXT

Wired Wednesday: Clovis Raises Water Development Fee by 105%. Impact on Homebuyers?

UP NEXT

As Californians’ Stance on Crime Hardens, Republicans Try to Regain Relevance

UP NEXT

Lawsuit Claims Valley Children’s Paid On-Call Employees Less Than Minimum Wage

Fresno Police Chief Balderrama on Paid Leave, City Manager Says

15 hours ago

Konstadinos T. Moros Discusses Gov. Newsom’s Proposed Firearms Amendment on Unfiltered

16 hours ago

US Inflation Eases in May, Indicating Potential Relief from Price Pressures

17 hours ago

Over 200 Rockets Launched from Lebanon Following Israeli Strike on Hezbollah Commander

17 hours ago

Rep. Costa Blasts GOP House For Holding AG Merrick Garland in Contempt

17 hours ago

Is California’s $20 Minimum Wage to Blame for Loss of 10,000 Fast-Food Jobs?

18 hours ago

Balderrama: ‘I Plan on Leading This Police Department to Even Greater Heights’

18 hours ago

Wired Wednesday: Clovis Raises Water Development Fee by 105%. Impact on Homebuyers?

19 hours ago

As Californians’ Stance on Crime Hardens, Republicans Try to Regain Relevance

19 hours ago

Lawsuit Claims Valley Children’s Paid On-Call Employees Less Than Minimum Wage

Smokey Robinson, Anthony Jeselnik, and Brit Floyd Are Top Choices for Father’s Day Weekend

There’ll be an assortment of events you can do with your dad this Father’s Day Weekend. R&B singer Smokey Robinson, comedian...

2 hours ago

2 hours ago

Smokey Robinson, Anthony Jeselnik, and Brit Floyd Are Top Choices for Father’s Day Weekend

2 hours ago

This Shy Sweetheart Was Dumped in a Parking Lot with Her Siblings

Fresno City Attorney’s Wage Theft Unit Targets Valley Children’s Hospital

15 hours ago

Fresno Police Chief Balderrama on Paid Leave, City Manager Says

16 hours ago

Konstadinos T. Moros Discusses Gov. Newsom’s Proposed Firearms Amendment on Unfiltered

17 hours ago

US Inflation Eases in May, Indicating Potential Relief from Price Pressures

17 hours ago

Over 200 Rockets Launched from Lebanon Following Israeli Strike on Hezbollah Commander

17 hours ago

Rep. Costa Blasts GOP House For Holding AG Merrick Garland in Contempt

MENU

CONNECT WITH US

Search

Send this to a friend