The deadline to file your taxes is coming up! Did you know that tax burden, or the percentage of total personal income that residents have to pay toward state and local taxes, can vary a ton depending on where you live? WalletHub compared all 50 states, ranking them in order of their tax burden, and these 10 places have the highest. Where does your state fall?
So now that you've seen the states with the highest tax burdens, are you curious about the ten states with the lowest? Here's what WalletHub found in this year's study, based on property taxes, individual income taxes, and sales and excise taxes!
Anyone feeling stressed out about taxes?
According to WalletHub's 2018 ranking of the most and least stressed states, you're more likely to be stressed out if you live in one of these 10 places. The rankings were based on four different categories of stress: work-related stress, money-related stress, family-related stress, and health- and safety-related stress. Within each category, a number of different metrics were evaluated, from the average hours of sleep per night to the crime rate per capita. These 10 states ended up with the highest overall scores.
Sick of all of the stress and looking to move somewhere new? These just might be your 10 best bets! Thanks to more sleep, higher job security, affordable housing, lower divorce rates, and fewer stressors in general, you could find a more relaxed way of life in one of these states.