Which state has the highest taxes?
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Which state has the highest taxes?
Jordan Goodman (Personal Finance Author) gives expert video advice on: How many taxes does the average American pay?; How much of my earned income does the government take?; What does the government do with my money? and more...
There are certain states that have much a higher tax rate than others. A lot of them are in the Northeast -- New York, Pennsylvania, New Jersey, and Massachusetts in general have higher tax rates. In many cases the Western and Southern states have lower tax rates. Some states like Nevada, Washington, and Texas have no income taxes what so ever. And when you have low or no income taxes, it brings a lot of people into that state and makes business flourish. So a lot of people are in Nevada, for example, because it doesn't have any state income taxes. That's a real magnet to bring people into a state like that.