Kelly Bullis
Well, here is a fun, fact-filled article to make you have warm and fuzzy feelings. Spoiler alert, Nevada is the fourth BEST state in the USA!
The 5 worst states:
Illinois is the worst at an effective tax rate (total state and local tax rates on median U.S. household) of 15.05%. That translates into $10,463 per average household. Go Chicago! Another reason I wouldn’t want to live there.
Connecticut gets the second-worst rating with an effective tax rate of 14.8%. The average household pays $10,287.
New York is 3. Its effective tax rate is 14.23%, resulting in the average household paying $9,894.
Pennsylvania gets the fourth worst tax state award at an effective tax rate of 13.92%, the average household paying $9,675 in combined state and local taxes.
Kansas is 5 as the worst state to live in as a taxpayer. Its effective tax rate is 13.57%, the average household paying $9,433 in combined taxes.
The five best states:
Alaska is the best! Brrrr! Its effective tax rate is 6.05%, with the average household in Alaska paying $4,204 in combined state and local taxes. (I wonder if that oil kickback for every citizen causes this low rating?)
Delaware is 2! How did it do that? Effective tax rate is 6.34%, with the average household paying $4,405 in combined taxes. I guess Joe Biden did something right?
Montana is the third-best state with an effective tax rate of 7.12%. The average household pays only $4,948 in combined taxes.
Nevada made it to fourth place as the BEST state to live in as a taxpayer. YAY Nevada! Our effective tax rate is 7.79%, with the average household paying $5,414 in taxes. We are almost exactly HALF of New York!
Wyoming rounds out the top 5. Its effective tax rate is 8.06% with the average household paying $5,604 in combined state and local taxes.
Have you heard? Psalm 128:2 says, “When you eat the labor of your hands, you shall be happy, and it shall be well with you.”
Kelly Bullis is a Certified Public Accountant in Carson City. Contact him at 882-4459. On the web at BullisAndCo.com. Also on Facebook.