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Report finds Utah as one of the best states to be poor from a tax perspective

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The tax deadline is fast approaching and some Americans are hit harder than others.

The personal-finance website WalletHub released its report on 2019’s Best States to Be Rich or Poor from a Tax Perspective. Their report found Utah was one of the top five best states to earn a low income.

When it comes to being rich, Alaska was the number one state. The worst state for being rich from a tax perspective? New York.

On the other end of the spectrum, the worst state to be poor from a tax perspective was Washington.

Utah was 4th for low-income earners, 8th for middle-income earners and 19th for high-income earners. Overall, not bad.

WalletHub calculated the share of one’s income that he or she contributes toward sales and excise taxes, property taxes and income taxes.

For the full report visit:
http://wallethub.com/edu/best-states-to-be-rich-poor-from-a-tax-perspective/11257/    

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