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

67Comments
Feb 13, 2012 8:15AM
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I'm not surprised that all of the states with the highest taxes (less NJ) have Democratic governors and all of the states with the lowest tax rates are run by Republican governors.  I firmly believe Democrats think our money belongs to them so they can keep us in debt and dependent on the government for handouts, which by the way, are NOT free.  
Feb 12, 2012 2:34PM
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Dear SOMEONE.

 

I have lived around the country in several states, including: Minnesota, Wisconsin, Tennessee, Texas, Alabama, Kentucky, North Carolina.  My children attended school in several of these states.  There is not an obvious correlation to taxes and education.  In fact, I don't think there is any correlation unless you want to judge an idiot such as Al Gore hailing from Tennessee.  I thought the education my children received in Alabama was superior in every way to Minnesota and North Carolina.  I have the "lived through it" experience and know that high taxes do not equal a good education. Teachers' unions seem to be stronger in the higher taxed states and they are more about taking care of the teachers and school administration less about the students.

Feb 11, 2012 12:24AM
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Is it just me or are the states topping this list all liberal states??
Feb 10, 2012 11:40PM
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The problem with this list is that it doesn't account for all of the "hidden" forms of taxation.  For instance, California has some of the highest per capita fees, tolls, tuition, CRVs and "infraction" revenue in the nation.  

In other words, it costs more to get a driver's license, vehicle registration/inspect​ion, business license, etc...  It costs more to attend and live in college.  It costs more to buy gasoline.  It costs more to cross bridges.  It costs more for a speeding ticket.  It costs more to buy a case of Diet Coke (due to the CRV attached to every can or bottle).  It costs more to get your car service (due to higher environmental taxes).  

When these alternative forms of taxation are calculated and added to the already high state income tax and sales tax rates, then California has the highest taxes in the nation.  


Feb 11, 2012 2:28AM
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I own property in both of the number two states, New Jersey and South Carolina. I can say plenty of nice things about both places. However, the future is in the lower tax states. BMW,  Boeing, Bosch, and Michelin agree.
Feb 13, 2012 10:07AM
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I live in Connecticut and only make 38,000.00 per year and I can barely make it (If I didn't have a live in boyfriend I wouldnt) . We are an entirely blue state and they will under no circumstances cut spending even with 2 billion in consessions from the unions and 2 billion in new taxes. People are moving away in droves...if I could find a job somewhere else I'd move in a heartbeat.......in addition, New haven just became the 4th most violent city in america for its size.....   
Feb 10, 2012 11:40PM
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Watch what is going on with the Payroll Tax, That is SOCIAL SECURITY and if they keep cutting it and with all the baby Boomers retiring it is going to go BUST more than what it is now. That is the OBLAMEA Plan ,so we the People will have to depend on Government, That is COMMUNISM, But than again that is also DEMOCRATS, Same ol Same ol.
Feb 11, 2012 12:18AM
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All states can be munch better if we could get rid of union jobs and there gold retirement plans

 

Feb 10, 2012 11:31PM
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um...wrong president.  You were waiting in gas lines during the Carter administration.  Reagan pulled us out of the mess Jimmy the Peanut Farmer left us in.  That's what the big deal is.


Feb 13, 2012 10:43AM
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It's always interesting to see how people view taxes.  Taxes are money that belongs to the person that earns it.  It is money that is TAKEN from someone.  How do you feel when someone steals something from you? 
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 10, 2012 10:06PM
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Supposedly, the New York state sales tax is 4% but what folks don't understand is that it is actually 8% or at least it is in my area. Also, I live in PA and work in NY but still get taxed on all my earnings in New York even though I'm not a resident. Thankfully, PA gives a resident credit because New York does not give a non-resident credit. In other words, New York taxes a lot- even more than what is being suggested in this article.

Feb 13, 2012 12:35PM
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No one shops in Maryland MONTGOMERY county anymore it has become a dark hole with so many by-laws that most stores are leaving or have closed there doors. Tyson's corner, Virginia is only 6 miles away and their county does everything for business owners and citizens to thrive. Any county that spends all their effort to take from the community instead of provide will end up being an empty community.
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 8:48AM
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I came here to say the same thing Beatris J did. Seems pretty obvious which party runs their states better.

I do think it's funny that someone gave Beatris the thumbs down. Sometimes the truth hurts. Poor libs.

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 10, 2012 9:09PM
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Don't forget Maryland's wonderful "Local Piggyback Tax".........
Feb 13, 2012 12:13PM
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I live in Connecticut also, the tax you out of existence state. The cost of living here is so high it's is mind boggling.  I love how the article pretences the high per capita of income.  That only applies to mostly Fairfield county (the gold coast) were the wealthy Wall Streeters live. The rest of the state is like Kentucky without the accent. People are leaving here in large numbers(over 100k/yr)  and my family would be joining them if we had the means to do so. Costa Rica is looking real good these days

Feb 13, 2012 12:23PM
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Colorado should be in there. i live in Colorado and our property taxes are outrageous, not to mention the taxes on everything else.  Our utilities are expensive also, I don't have one utility bill that is under $100 monthly.  We can barely make it between gas, groceries and utilities bills and my husband works for the state--hasn't had a raise in over 5 years.  Looking to leave this state very, very soon. 
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