Site icon Personal Finance News

The Worst States For Taxes In 2016?

The worst states for taxes in 2016? No, it’s not California. Forbes analyzed the effective tax rate for all 50 states using the data for average taxpayers with $50,000 income to come up with the list of the best and worst states for taxes. New York comes in dead last while California comes in at 45. Residents in Florida and Texas are better off than most with the tax rates rank at 17 and 5, respectively. Alaska residents enjoy the lowest tax burden. (forbes.com)

Exit mobile version