Post by easye on Mar 30, 2023 9:44:15 GMT -5
An interesting analysis of tax burdens by state.
These are the states with the highest and lowest tax burdens, a report says
www.npr.org/2023/03/30/1166970506/tax-burden-by-state-income-property-sales
Highest tax burdens
New York - 12.47%
Hawaii - 12.31%
Maine - 11.14%
Vermont - 10.28%
Connecticut - 9.83%
New Jersey - 9.76%
Maryland - 9.44%
Minnesota - 9.41%
Illinois - 9.38%
Iowa - 9.15%
Lowest tax burdens
Alaska - 5.06%
Delaware - 6.12%
New Hampshire - 6.14%
Tennessee - 6.22%
Florida - 6.33%
Wyoming - 6.42%
South Dakota - 6.69%
Montana - 6.93%
Missouri - 7.11%
Oklahoma - 7.12%
I have personally lived in the High and the Low states, and you get a lot of bang for your buck in those High Tax burden states.
For example, I went to the license bureau in Florida to get my Driver's License update, and it was a day long experience. In Minnesota, it took about 15 minutes. In Wyoming, it took about 3 hours, but I needed more paperwork than all the other states and was a major pain in the backside. In Iowa, about 30 minutes.
All government services, in my experience; were far and away better in the High Tax states than the low, and the High Tax states had much better consumer protections and health and safety regulations for the inhabitants.
- In Wyoming, I regularly run across things that would have got me shutdown in the Food Services industry in MN.
- In MN and Iowa, there were a lot of disclosures and protection in Home buying, where Wyoming was basically Buyer beware.
- Worker Protections are very different between those high tax burdens and low tax states. In Wyoming, Tennessee and Florida, they do not exist where in MN and Iowa they were relatively robust with clear ways to hold an employer accountable via the appropriate State agency.
- Roadways are also much different.
In summary, you get what you pay for.
These are the states with the highest and lowest tax burdens, a report says
www.npr.org/2023/03/30/1166970506/tax-burden-by-state-income-property-sales
Highest tax burdens
New York - 12.47%
Hawaii - 12.31%
Maine - 11.14%
Vermont - 10.28%
Connecticut - 9.83%
New Jersey - 9.76%
Maryland - 9.44%
Minnesota - 9.41%
Illinois - 9.38%
Iowa - 9.15%
Lowest tax burdens
Alaska - 5.06%
Delaware - 6.12%
New Hampshire - 6.14%
Tennessee - 6.22%
Florida - 6.33%
Wyoming - 6.42%
South Dakota - 6.69%
Montana - 6.93%
Missouri - 7.11%
Oklahoma - 7.12%
I have personally lived in the High and the Low states, and you get a lot of bang for your buck in those High Tax burden states.
For example, I went to the license bureau in Florida to get my Driver's License update, and it was a day long experience. In Minnesota, it took about 15 minutes. In Wyoming, it took about 3 hours, but I needed more paperwork than all the other states and was a major pain in the backside. In Iowa, about 30 minutes.
All government services, in my experience; were far and away better in the High Tax states than the low, and the High Tax states had much better consumer protections and health and safety regulations for the inhabitants.
- In Wyoming, I regularly run across things that would have got me shutdown in the Food Services industry in MN.
- In MN and Iowa, there were a lot of disclosures and protection in Home buying, where Wyoming was basically Buyer beware.
- Worker Protections are very different between those high tax burdens and low tax states. In Wyoming, Tennessee and Florida, they do not exist where in MN and Iowa they were relatively robust with clear ways to hold an employer accountable via the appropriate State agency.
- Roadways are also much different.
In summary, you get what you pay for.
