Updated MoneyGeek analysis ranks Connecticut, Illinois, Iowa, and New Jersey as having high tax burdens, with Illinois and New York receiving the worst scores.
Updated analysis by MoneyGeek finds Connecticut, Illinois, Iowa, and New Jersey as having higher tax burdens for residents. Illinois and New York received the worst scores, with taxes representing 13-14% of a median family's income. The "tax friendly" evaluation considers low tax burdens as an A, while high tax burdens are rated F. States with no state income tax scored well.
May 18, 2024
3 Articles