The 10-Most- and 10-Least-Tax-Friendly StatesThe 10-Most- and 10-Least-Tax-Friendly States
Where does your home state rank?
Already have an account?
The state a client lives in can have an outsize impact on their yearly tax bill.
As clients become more mobile and technology provides advisors with longer reach, the prospect of a client relocating to a state with more favorable tax laws is increasingly popular.
The states are, literally and figuratively, all over the map when it comes to taxes. Luckily, Kiplinger recently released its annual State-by-State Guide to Taxes, to help unmuddy the state tax waters.
The study estimated the tax burden in each state for a hypothetical married couple with a combined earned income of $150,000, $10,000 in dividend income, two dependents and a $400,000 home (with a mortgage).
Here are the 10-most- and 10-least-tax-friendly states:
