Aug 03, 2004 -- Compare tax burdens in each state
Clark is happy to pay income tax, gas tax and sales tax, if its what the state and the community require. At the same time, he hates our countrys tax burden. Some states levy much higher taxes than others, according to Kiplingers Personal Finance Magazine. The publication recently charted out the 10 states with the worst tax burdens, and topping the list is Bridgeport, Conn. Second worst is New York City, followed by Portland, Maine, Baltimore, Maryland and Washington D.C. In sixth place is Chicago, seventh worst is Atlanta, and No. 10 is Los Angeles. These states have the highest property taxes, sales tax, and state and local taxes, according to Kiplingers. The state with the lowest tax burden is Cheyenne, Wyoming, which has one-sixth the burden of Bridgeport. In fact, Wyoming has no state income tax, no personal property tax, and one of the lowest gas taxes in the nation. After Cheyenne is Houston, followed by Jacksonville, then Memphis, Sioux Falls, Las Vegas, and Anchorage. The average person living in Cheyenne, Wyoming will have $10,000 more in his or her pocket at years end than the average Bridgeport resident. The countrys growth usually floats to areas with the lowest tax burdens, and the majority of these places have no state income tax. Many high-income earners move to Florida because there is no state income tax. Clark says that if you want economic growth in your community, you have to fight the size of your state and local government. If Clark were in charge, there would be no state income tax anywhere!
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