So tax day is just around the corner and you are going to either be very happy with your refund or very sad when you have to write that check to the IRS. Most people think of just state income and property taxes when weighing their options on which state to live in. But what if you looked at all taxes you would possibly pay while living in a state and formulated an average tax per person. I bet you’d be surprised on some of the most heavily taxed states. I was.
Below are the 10 states with the highest taxes, including property, individual income, sales, alcoholic beverages, tobacco, motor vehicles, hunting and fishing, motor fuels, death and gift taxes, as well as insurance premiums. The amount next to each state on the list is the per capita tax. This dollar amount was the result of adding up all the taxes possible and dividing the total by the number of citizens within that state. Never thought I’d see Wyoming on this list.
1. Vermont, $3,861
2. Hawaii, $3,856
3. Connecticut, $3,596
4. Minnesota, $3,203
5. New Jersey, $3,024
6. New York, $3,019
7. Massachusetts, $2,953
8. Washington, $2,553
9. Wyoming, $2,357
10. Pennsylvania, $2,223
Source: Forbes, Matt Woolsey (03/30/2009)
You just don't understand. We have dairy farmers that can't compete, so we subsidize them, property taxes based on income – not true value, schemes that allow people to own huge land tracts then avoid taxes on it via “land trusts” (shifting the tax burden of the rich onto the poor) and worst of all, we have two masters o spending other people's money, Sanders and Leahy as our senators.
How could you possibly understand?
You just don't understand. We have dairy farmers that can't compete, so we subsidize them, property taxes based on income – not true value, schemes that allow people to own huge land tracts then avoid taxes on it via “land trusts” (shifting the tax burden of the rich onto the poor) and worst of all, we have two masters o spending other people's money, Sanders and Leahy as our senators.
How could you possibly understand?