Question: A Home Business yields $5,000 per month after expenses.
Is that good, bad, or GREAT?
It depends on how much the tax man taketh away at the end of the day…
Alaska has the lowest tax burden. Conneticut the highest.
So where’ s your state listed?
From MSN Money…
If you live in Maine, New York, Connecticut or Washington, D.C., you are a big spender at tax time, like it or not. Alaska or Alabama? You get to keep a bigger slice of what you make.
State income taxes are not the only determinant of state tax burdens. Washington, for example, is one of seven states with no personal income tax, but it still ranks 24th when it comes to state and local tax burden. When figuring state and local taxes, the Tax Foundation considers everything from sales and property taxes to gasoline excise taxes and vehicle license fees.
Here’s an interactive tax map showing YOUR state…
Business Opportunities Weblog | Alaska Has Lowest Tax Burden on February 28th, 2006 at 7:26 am
[...] Not only is Alaska the state in which you are most likely to be attacked by a polar bear but it is also the state with the lowest tax burden. [...]