5 highest, 5 lowest states for taxes

See where residents get to keep more of their money -- and where state, consumption and property taxes take the biggest bite.
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VIDEO ON MSN MONEY

55Comments
Feb 19, 2012 7:15PM
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I know this is an old form but the person that   wrote about 10 cent tax in Myrtle Beach SC the reason is they pay for thier own roads for ride on a penny tax. They are building all kinds of interchanges andbypasses. Why should people in the up state pay for thier roads. They have a one cent tax for advertising the beach. For ALL the people that dislikes the south most of you are still living a war that was a long time ago. We have plenty of northern people here that would live out doors before they would relocate back home.
Feb 13, 2012 10:20PM
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hey...what brain dead idiot wrote this article. CROOK county illinois is # 1 in the nation for sales,income  and property taxes as well as the highest fuel prices.our income taxes were raised 66% last year and this state is worse off than the year before.we also cater to illegals with our sanctuary status for them in crook county.public sector jobs just keep rolling along at huge salaries and golden benefits and pensions while the citizens starve.if any public sector union employee with his or her imrf pension had to work a real private sector job... you'd need a rowboat and paddles to get through their tears.public sector union employees just don't know how good they got it.cut their goodies so us real working folks can survive.
Feb 13, 2012 8:47PM
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Unless you can tie high tax rates to lower quality of living, then this is a meaningless article.
Feb 13, 2012 8:08PM
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Martha Fair left out that republicans take care of our seniors. The other guys and dolls give it all to welfare people who expect their children to collect it too.  Feed my babies while the person who lives with me steals from the working neighbors and cries poor me. Expecting a great life without working for it but working the government system pays better under bleeding heart democrats.  The republicans expect people to work for a living and not lay on their back side with their mouth open and a hand out. The rich and poor get the money from democrats and the rich & seniors get the money from republicans. The middle class has harpoons in them from both parties and the shaft.
Feb 13, 2012 7:13PM
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Stay away from Illinois.  Terrible taxes here.  You can certainly blame our wonderful congressmen and women and don't forget the govenor present an past.  We have plenty of Pork here not the four legged kind.  I wish I could move somewhere else. Too late for me, save yourselves..........

Feb 13, 2012 5:27PM
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Martha Fair, bias is clouding your clarity of thinking. We need to get to the point to think as Americans,not Dems or Reps. This incessent desire to just take from the successful and give it to the less successful has been tried before. Has it worked? 
Feb 13, 2012 5:13PM
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What are you smoking, Martha Fair? Obviously a union puke. Unions have destroyed manufacturing in this country by pricing US goods out of world competition. What started out as a protector of worker's rights has become a shadow government, a wielder of power and influence for it's own gain.

Your democrat brand of socialism has never worked anywhere in the world for very long, and it's not working here. Eventually, other people's money dries up, and the true "parasite" of socialism turns into a dictatorship or communism.

As for the republicans, and their influence on the economy, study history. From your comments, it's obvious you haven't.



Feb 13, 2012 4:42PM
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Oh yeah...look up the states with the lowest taxes.  All are the bottom feeders on the economic ladder per median income with the lowest 10, Republican controlled and have been for years.  They also managed to break all the unions and convert the poorest into "right to work" states..  The people who live in these states must be constantly subsidized by the richer Northern states in order to make it possible for Republicans to keep wages so low.  Believe me, the only people this law benefits is the Republicans themselves.  These same states are the highest recipients of food stamps and entitlements, because they don't pay their working poor enough to survive. Republicans are the parasites of the nation because every other state in the nation must help the people they put into poverty.  Republicans have a legacy of creating poverty whenever they are in power.  BTW, Look up this data on the census bureau page if you have any doubts.
Feb 13, 2012 4:42PM
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Their numbers on Tennessee are misleading.  It's true that we enjoy no state income tax, but the sales tax rate is only 7% on high-dollar items (the minimum before-tax purchase is somewhere in the neighborhood of $3,000), but sales tax on *everything* else is 9.75%.  There was an attempt a few years back to implement a flat-rate income tax of ~4% and almost eliminate the sales tax, but because nobody can do math here, they fought it down in favor of the highest sales tax rate in the country, arguing that the poor would have to pay more ಠ_ಠ
Feb 13, 2012 4:41PM
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The tax rate by itself does not tell the full story...  for instance some States do not tax social security or retirement income  which makes a big diffrence if one is in that category
Feb 13, 2012 4:24PM
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It was not a surprise to me that Ct.was ranked #1 most taxed. What continues to amaze me is the arrogance of the politicians when they cannot understand why businesses and people opt for other places. If you want to study the futility in it all study Hartford (the cap.) and where it is headed.
Feb 13, 2012 4:13PM
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Now compare the education rankings and check the annual list of Best Places to live and you'll find that the tax rate is only one part of the equation. Like my daddy used to say, you get what you pay for.
Feb 13, 2012 4:02PM
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Take a look at Greece; that's every state in the U.S. in 2016 if we can't stop the idiots in charge from borrowing and spending money we don't have. November is the last chance we have to save the U.S. we've known for our children and grandchildren.
Feb 13, 2012 3:50PM
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I lived in CT and we paid $5,000 property tax per year, which is much high than the list; and the property tax went up almost every year.
Feb 13, 2012 3:00PM
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have ANY of you know it all's ever been to Alaska? if so you would never say it's one of crappiest state, and Tennessee is a very very beautiful state.  If you actually knew anything about the tax structure you could read the article for what it's worth and NO i do NOT work for the IRS, I do see the EIC ppl get and if congress ever figures out how much it cost it will be cut to the bone
Feb 13, 2012 2:47PM
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Seems like a good indication of "you get what you pay for".  For those not wanting to pay taxes Mississippi welcomes you and reflects your values regarding education, infrastructure, healthcare availability, 1st responders response and environmental safety. 

 

Feb 13, 2012 2:34PM
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Joel Stonington is a moron and Bloomberg should not publish clearly inaccurate data.

Apparently they think Americans cannot add. How can a state with 5% income and 6% sales tax make the number two spot for low taxes? Where is California on the high list? Where is Texas for a low tax state? This article was poorly written. Obviously not well researched. Definitely not fact checked. Pathetic!!

 

Feb 13, 2012 1:56PM
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I grew up in Maryland and lived there for many years.  But I was one of the many who have voted with their "feet" and moved.  I feel sorry for the state, it of course has a soft spot in my heart, but with the income tax, the piggyback tax (what you paid for MD income tax, you had to pay another 50% for the county tax), the high insurance rates, property tax, etc., it was time to move.  I do believe that all states will get you one way or another, but our move to NC was a financial win for us.  No state tax on our retirement - my husband is retired military and that isn't taxed, and mine gets a 2K deduction and is so small that it's not taxed (that saved us 150.00 mo.), house insurance is half, car insurance cut by a third.  We do have a higher sales tax than MD, and we have to pay an excise tax on our cars.  And we are both golfers and what we save in not paying state tax pays for our club dues - AND we can have our own golf cart, so that was a giant savings over our course in MD.  It's not for everybody, a lot of research needs to be done to find which state will benefit you the most in your particular situation.
Feb 13, 2012 1:26PM
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for the Texan, this isnt about just income tax, you need to actually READ, and also learn about words like retarded. You are making your fellow Texans look bad.
Feb 13, 2012 1:18PM
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And where is Texas for the lowest? 0% income tax! Whoever put this list together is retarded.
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