Which states are tax friendly?
This tax comparison calculator is designed to demonstrate how much money an individual, family or small business owner REALLY pays in government taxes. Results are based on combining state income taxes, federal income taxes, property taxes and sales tax with the "hidden taxes" on gasoline, licenses, cigarettes and alcohol. See how many days you must work (without pay) to meet these tax burdens. Determine which states are tax friendlier by clicking on column headings to sort by tax categories. This is helpful information when considering a job, or moving to, or doing business, in another state. Also, the information is a useful talking point when contacting your representatives to express your approval, or disapproval, of current and proposed taxes.
Study Exercise |
As a study exercise, note which states currently have the highest tax rates and then research whether or not these states have balanced budgets. Also note the general state of their economies and any population shifts. Based on your own research, form an opinion whether high taxes are beneficial or detrimental to you personally and to communities as a whole. Exercise your right as a citizen. Take action by writing one letter to legislators or by attending one function that supports your position. In a thoughtful way, let friends know if your position has changed and, if so, why. Encourage friends to do their own research and to share their discoveries with you. |
* Net business income is the amount of money you pay taxes on after deducting business expenses. Another name for net income is "the bottom line". |