One way to look at State tax burden when comparing one state with another, is to use the same weighting factor (or value, or importance) for each category (sales tax, income tax, property tax). If you value each category the same, that is, sales tax is just as important to you as income tax which is just as important as property tax, the results are as follows.
Using the data from an earlier post, Lowest to Highest Taxes by State, each tax category was individually ranked from lowest to highest for each state (sales tax, income tax, and property tax).
The data was ‘normalized’, meaning that the values were processed in a way that makes it possible to be compared against other values (apples to apples).
Then, in this example, the tax category ‘normalized’ values were added together for each state, and then sorted from lowest to highest.
State Tax Burden (sales, income, property)
The same weight is applied to each category
lowest to highest
Wyoming
Florida
South Dakota
Delaware
West Virginia
Nevada
Kentucky
New Hampshire
Arkansas
Michigan
New Mexico
North Dakota
Colorado
Alaska
Tennessee
Indiana
Pennsylvania
Ohio
Hawaii
Texas
Montana
Oklahoma
Mississippi
Utah
Louisiana
Alabama
Idaho
Georgia
Virginia
Arizona
Maryland
Maine
Washington
North Carolina
South Carolina
Massachusetts
Oregon
Connecticut
Wisconsin
D.C.
Missouri
Iowa
Nebraska
Kansas
New Jersey
Minnesota
Rhode Island
Illinois
Vermont
New York
California
Another way to look at the tax burden data is to apply more importance to certain categories in order to better represent your own concerns. In the following example, the most weight (or importance) has been applied to property tax (it never goes away – even after retirement), followed by income tax, followed by sales tax.
The specific weighting factors chosen are,
property tax (4x)
income tax (3x)
sales tax (2x)
This particular weighting is designed to better represent an example where someone is researching a move, and will be earning income that fits more-or-less the average U.S. worker -roughly $60K (state income tax rates were mostly the same between $50K – $100K), and someone who will be purchasing a home with the likelihood of retiring there and is concerned about property taxes (which will never go away – even after retirement).
State Tax Burden (sales-income-property)
Category weighting is applied as describe above.
lowest to highest
Wyoming
Florida
West Virginia
Tennessee
Delaware
New Mexico
Nevada
Arkansas
South Dakota
Kentucky
Indiana
Alabama
Mississippi
Louisiana
Oklahoma
Colorado
Arizona
Michigan
Ohio
Utah
Hawaii
Pennsylvania
Texas
Alaska
North Dakota
Georgia
Montana
South Carolina
New Hampshire
Idaho
Washington
North Carolina
Maine
Virginia
Maryland
Missouri
Oregon
Kansas
Massachusetts
Iowa
D.C.
Connecticut
Wisconsin
Illinois
Nebraska
Minnesota
New Jersey
Rhode Island
Vermont
New York
California
Modern Survival Blog related posts
Lowest to Highest Taxes by State
The Big Move to a Survival Retreat Location
Living Self Sufficient Is Not Easy
30 Acres for Self Sufficiency
Safer Survival Distance From USA City Hordes
Posted on Thu, 17 Feb 2011 23:34:39 +0000 at http://feedproxy.google.com/~r/ModernSurvivalBlog/~3/mxbm0bGD9kQ/
Comments: http://modernsurvivalblog.com/retreat-living/state-tax-burden/#comments
Using the data from an earlier post, Lowest to Highest Taxes by State, each tax category was individually ranked from lowest to highest for each state (sales tax, income tax, and property tax).
The data was ‘normalized’, meaning that the values were processed in a way that makes it possible to be compared against other values (apples to apples).
Then, in this example, the tax category ‘normalized’ values were added together for each state, and then sorted from lowest to highest.
State Tax Burden (sales, income, property)
The same weight is applied to each category
lowest to highest
Wyoming
Florida
South Dakota
Delaware
West Virginia
Nevada
Kentucky
New Hampshire
Arkansas
Michigan
New Mexico
North Dakota
Colorado
Alaska
Tennessee
Indiana
Pennsylvania
Ohio
Hawaii
Texas
Montana
Oklahoma
Mississippi
Utah
Louisiana
Alabama
Idaho
Georgia
Virginia
Arizona
Maryland
Maine
Washington
North Carolina
South Carolina
Massachusetts
Oregon
Connecticut
Wisconsin
D.C.
Missouri
Iowa
Nebraska
Kansas
New Jersey
Minnesota
Rhode Island
Illinois
Vermont
New York
California
Another way to look at the tax burden data is to apply more importance to certain categories in order to better represent your own concerns. In the following example, the most weight (or importance) has been applied to property tax (it never goes away – even after retirement), followed by income tax, followed by sales tax.
The specific weighting factors chosen are,
property tax (4x)
income tax (3x)
sales tax (2x)
This particular weighting is designed to better represent an example where someone is researching a move, and will be earning income that fits more-or-less the average U.S. worker -roughly $60K (state income tax rates were mostly the same between $50K – $100K), and someone who will be purchasing a home with the likelihood of retiring there and is concerned about property taxes (which will never go away – even after retirement).
State Tax Burden (sales-income-property)
Category weighting is applied as describe above.
lowest to highest
Wyoming
Florida
West Virginia
Tennessee
Delaware
New Mexico
Nevada
Arkansas
South Dakota
Kentucky
Indiana
Alabama
Mississippi
Louisiana
Oklahoma
Colorado
Arizona
Michigan
Ohio
Utah
Hawaii
Pennsylvania
Texas
Alaska
North Dakota
Georgia
Montana
South Carolina
New Hampshire
Idaho
Washington
North Carolina
Maine
Virginia
Maryland
Missouri
Oregon
Kansas
Massachusetts
Iowa
D.C.
Connecticut
Wisconsin
Illinois
Nebraska
Minnesota
New Jersey
Rhode Island
Vermont
New York
California
Modern Survival Blog related posts
Lowest to Highest Taxes by State
The Big Move to a Survival Retreat Location
Living Self Sufficient Is Not Easy
30 Acres for Self Sufficiency
Safer Survival Distance From USA City Hordes
Posted on Thu, 17 Feb 2011 23:34:39 +0000 at http://feedproxy.google.com/~r/ModernSurvivalBlog/~3/mxbm0bGD9kQ/
Comments: http://modernsurvivalblog.com/retreat-living/state-tax-burden/#comments