The Best And Worst States For Taxes

April 15, 2015 4:17 PM

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The Best And Worst States For Taxes

Tax day is finally here, and with it hopefully a refund in the bank account–or if not, then at least a strategy for a better 2015. Since part of that strategy could be moving to a more tax-friendly state, we set out to find out which states offer the most favorable tax situations.

Comparing states income tax rates is a bit tricky, since taxation approaches vary widely. Many states have a graduated system, with as many as 12 (Hawaii) different rates for income in different brackets. Eight states, including Colorado (4.63% of federal taxable income), Indiana (3.75%), and Illino...

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