While taxes are a part of life, the balance between an attractive location and the tax burden is a consideration for many people. These 18 states are asking residents to pay up and some would rather up sticks.
California
California, while renowned for its vibrant culture and stunning landscapes, grapples with some of the nation’s highest taxes. Its income tax rate, reaching 13.3% for top earners, combines with steep property and sales taxes, creating a significant financial burden. Many residents, feeling the pinch, are now considering more affordable states.
New York
The iconic state of New York is home to heavy taxation. Residents face an income tax rate that can soar to 8.82%, and in New York City, additional taxes are levied. Combined with high property taxes, this financial strain is leading some to look for a cheaper state.
New Jersey
Nestled between major urban centers, New Jersey struggles with the nation’s highest property taxes, averaging 2.42%. Coupled with a top income tax rate of 10.75%, the Garden State’s residents are increasingly eyeing relocation to more tax-advantageous areas.
Connecticut
Connecticut’s charm is balanced by high income and property taxes, with income tax peaking at 6.99%. Proximity to affluent areas like New York City doesn’t always compensate for the added gift tax burden, prompting residents to seek lower-tax havens.
Illinois
Known for its bustling cities like Chicago, Illinois is infamous for its high property taxes, averaging 2.16%. The state’s flat income tax rate of 4.95% further strains finances, pushing residents towards states with a looser tax climate.
Maryland
In Maryland, residents navigate a complex tax landscape, facing up to 5.75% in income taxes plus local county taxes. High property and sales taxes add to this, motivating some to relocate to more financially accommodating states.
Massachusetts
Massachusetts is rich in history and academic prestige but also imposes significant taxes. A 5% state income tax and substantial property taxes contribute to a high cost of living, spurring some residents to consider lower tax environments.
Minnesota
The scenic state of Minnesota is less appealing financially due to a 9.85% top income tax rate. High taxes, particularly on higher earners, are a primary concern, nudging some towards states with smaller tax demands.
Oregon
Oregon’s natural beauty and progressive spirit are contrasted by a high 9.9% state income tax. The absence of sales tax doesn’t fully offset the financial impact, leading residents to explore nearby states with more favorable tax setups.
Rhode Island
Rhode Island, despite its small size, imposes large tax burdens. High property taxes, averaging 1.53%, and a 5.99% top income tax rate are significant factors that might drive residents to seek more affordable living options.
Vermont
Vermont, known for its idyllic landscapes, grapples with high taxation, especially a top income tax rate of 8.75%. Estate and inheritance taxes further add to the financial load, prompting a search for more tax-friendly states among residents.
Wisconsin
Wisconsin’s residents contend with a 7.65% top state income tax and high property taxes averaging 1.68%. This combination makes the Dairy State less appealing financially and some even start to look for states with more lenient tax regimes.
Ohio
Ohio boasts a diverse cultural and geographical landscape but struggles with high property and income taxes. The state’s income tax, reaching 4.797%, paired with local taxes, dims its appeal, leading residents to consider lower-tax alternatives.
Maine
Maine’s picturesque environment comes with the downside of high taxes. A 7.15% top income tax rate and significant property taxes are major factors in the growing trend of residents moving to more tax-favorable states.
Pennsylvania
Pennsylvania, steeped in history, does bring the challenge of high property and income taxes. The combination of a 3.07% flat state income tax and substantial property taxes in urban areas is a driving force behind some residents’ decisions to relocate.
Iowa
The sprawling fields and strong agricultural roots of Iowa are affected by high property and income taxes. The 8.53% top state income tax rate is a key consideration for those pondering a move to more tax-advantageous spots.
Nebraska
Nebraska’s residents face the challenge of high taxes, particularly a 6.84% top state income tax and 1.76% average property tax rate. The twin taxes weigh heavily on decisions to stay or move to places that ask less.
Kansas
In Kansas, the combination of a 5.7% top state income tax rate and high property taxes shape residents’ financial planning. This tax landscape is a crucial factor for those debating whether to seek a more lenient tax environment.
READ MORE – 19 THINGS WE DO IN SECRET THAT ARE MORE COMMON THAN YOU THINK
Anyone who says they don’t have an unhealthy, embarrassing, or time-wasting habit is lying. We all have them, and some really aren’t great for us. Let’s look at 19 guilty habits that we should really stop indulging in.
19 THINGS WE DO IN SECRET THAT ARE MORE COMMON THAN YOU THINK
BOOMERS HAVE SPOKEN: 18 TRADITIONS THEY WANT TO UPHOLD BUT GEN Z SAYS “NEED TO GO”
As boomers fondly clutch onto practices that evoke nostalgia, Gen Z is at the next counter, eagerly trading in the old for a dash of modern sparkle. From handwritten notes to digital memos, from piggy banks to digital wallets—the dance between ‘then’ and ‘now’ has never been more lively. Join us as we explore 18 traditions that boomers want to uphold but Gen Z says need to go.
BOOMERS HAVE SPOKEN: 18 TRADITIONS THEY WANT TO UPHOLD BUT GEN Z SAYS “NEED TO GO”
16 THINGS MEN KNOW (BUT WILL NEVER REVEAL TO THE LADIES)
Have you ever wondered what men really think or do? Then look no further. A recent internet survey asked, “What are some ‘guy secrets’ girls don’t know about?” Here are the top 16 answers:
16 THINGS MEN KNOW (BUT WILL NEVER REVEAL TO THE LADIES)
18 BABY BOOMER SLANG PHRASES THAT MAKE MILLENNIALS SCRATCH THEIR HEADS
While it’s easy for younger generations to feel like they’re steeped in slang, Boomers know that some of the best phrases have been passed down for years. Think you’re hip to all of them? Read on for 18 popular phrases of Baby Boomer slang.
18 BABY BOOMER SLANG PHRASES THAT MAKE MILLENNIALS SCRATCH THEIR HEADS
20 THINGS OLD PEOPLE LOVE THAT THE REST OF US DON’T UNDERSTAND
Different generations enjoy different things, but have you ever seen something an old person loves and thought to yourself, why? A recent internet survey asked, “What is something that old people love that you don’t understand?” Here are the top 20 answers.
20 THINGS OLD PEOPLE LOVE THAT THE REST OF US DON’T UNDERSTAND
