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ArticlesFamily Office & Wealth ArticlesTop 10 States With the Highest Taxes

Top 10 States With the Highest Taxes

Bill Evans
By Bill Evans
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No one enjoys paying taxes and just about everyone feels like they pay too much. However, there are definitely some people that pay more than others, like the nation’s top 1 percent of earners for example. However, when it comes to high tax rates, how much you earn is not the only factor in how much you end up paying. In fact, where you choose to live also plays a big role in how high or low your tax rate is, according to a recent study by WalletHub. WalletHub used four factors to come up with its results: income taxes, real estate taxes, sales and excise taxes and vehicle property taxes. The following are the 10 states with the highest taxes in 2016, based on those factors. 

The post Top 10 States With the Highest Taxes first appeared on Advisors to the Ultra-Affluent – Groco.

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