2013 was a year of many changes to the U.S. tax code, and some of the most significant changes were targeted at raising taxes on high-income Americans. The fiscal cliff tax deal created a new 39.6 percent income tax...
- The Tax Policy Blog
- Fiscal Times Features Best and Worst States for Taxes
Fiscal Times Features Best and Worst States for Taxes
The Fiscal Times today features two slideshows on the best and worst states for taxes in 2014. The list is from our 2014 State Business Tax Climate Index, and features some of our key variables throughout the slideshow: top income tax rates, sales tax rates, and property taxes per capita.
While the rankings are drawn from our Index, Fiscal Times adds a few narratives that are worth checking out. For example, did you know that Florida has a $1 billion surplus going into 2014? Or that New York’s Governor Cuomo has convened tax commissions with the aim of moving New York out of last place in our Index?
Best States for Taxes:
- South Dakota
- New Hampshire
Worst States for Taxes:
- New York
- New Jersey
- Rhode Island
- North Carolina (with a caveat that the state is improving due to fundamental tax reforms kicking in)
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The Tax Policy Blog is the official blog of the Tax Foundation, a non-partisan, non-profit research organization that has monitored tax policy at the federal, state and local levels since 1937. Our economists welcome your feedback. If you would like to send an e-mail to the author of a blog post, please click on that person's name to locate his or her e-mail address or visit our staff page here.