Kiplinger: Vermont number 8 least tax-friendly state

Vermont Business Magazine – Kiplinger has released its ranking of the best and worst states for taxes. Kiplinger’s fourth annual Tax Map—available at Kiplinger.com/links/taxmap —reveals income taxes, sales taxes, gas taxes, “sin” taxes (for products such as alcohol and tobacco) and other tax rules and exemptions across all 50 states and Washington, DC. Vermont is among the Top Ten Least Tax-Friendly states, with relatively high income and property taxes leading the way.

“Where you live can have a dramatic impact on your wallet and savings. The Tax Map is an extremely valuable resource—especially for those considering a move to a different state,” said Sandra Block, senior associate editor at Kiplinger’s Personal Finance. “It’s worth pointing out, though, that there are tradeoffs to living in a state with lower taxes—since there are likely less funds going to roads, bridges, schools and various other public services we may otherwise take for granted.”

The 10 Most Tax-Friendly States:

1. Wyoming

2. Alaska

3. Florida

4. Nevada

5. Arizona

6. Louisiana

7. Alabama

8. South Dakota

9. Mississippi

10. Delaware

The 10 Least Tax-Friendly States:

1. California

2. Hawaii

3. Connecticut

4. New York

5. New Jersey

6. Minnesota

7. Maine

8. Vermont

9. Illinois

10. Rhode Island

For the full article please visit: http://vermontbiz.com/news/august/kiplinger-vermont-number-8-least-tax-friendly-state