Kiplinger has released its rankings of the best and worst states for taxes. The list was revealed as part of Kiplinger’s sixth annual Tax Map—available at Kiplinger.com/links/taxmap—which shows state income taxes, sales taxes, gas taxes, sin taxes and other tax rules and exemptions across the country.
Delaware cracked the top 10 most tax-friendly states.
“It’s important that Americans don’t overlook the impact of state and local taxes on their bottom line,” said Robert Long, general manager of Kiplinger.com. “Kiplinger.com’s Tax Map shows that tax rates literally are all over the map—and the difference between living in a high-tax or a low-tax state can be thousands of dollars each year,”
He noted that the tax burden in many states may be greater this year as lawmakers wrestle with how to adjust their to the federal tax overhaul.
The 10 Most Tax-Friendly States:
1. Alaska
2. Wyoming
3. South Dakota
4. Florida
5. Nevada
6. North Dakota
7. Delaware
8. Arizona
9. Mississippi
10. Louisiana
The 2018 Kiplinger Tax Map features comprehensive tax profiles of each state, a list of the 10 most tax-friendly states and a list of the 10 least tax-friendly states, as well as additional roundups including states with the highest and lowest gas taxes, no income taxes, highest sales taxes and more.
The Tax Map is a sister project to Kiplinger’s annual Retiree Tax Map—which reveals senior tax breaks across all 50 states, and compares taxes on income (including Social Security benefits, pensions and other forms of retirement income), property, everyday purchases, and, ultimately, your estate.
