From income taxes to sales taxes and property taxes, we break down the factors contributing to the high tax burden in each state. Want to know which states to be cautious about when it comes to taxes? Let's watch the video and learn about where to live in America or do business. Understanding the tax landscape is crucial for financial planning and future prosperity.
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10 Worst U.S. States for Overall Tax Burden
#10: Illinois
#9: California
#8: Rhode Island
#7: Connecticut
#6: New Jersey
#5: Minnesota
#4: Vermont
#3: Maine
#2: Hawaii
#1: New York
Overall tax burden measures the proportion of total personal income that residents pay toward income, property, sales, and excise taxes.
And ya know what happens when the burden gets too heavy?
People move, especially to the free state of Florida, where I live and work.
Likewise, foreign entrepreneurs choose to invest, live, and work elsewhere, especially in Florida.
This is Joseph Bovino, U.S. immigration, business, and trademark attorney.
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