District of Columbia Taxes

State Taxes at a Glance – D.C. Type of Tax 2024 Individual Rates 4.00% to 10.75% Corporate / Business Tax Rates 8.25 (flat tax) Gross Receipts Tax None Sales Tax 6.00% Property Taxes 0.61% as a percentage of primary home Estate or Inheritance Tax Yes – Estate District Income Taxes in D.C. The District of Columbia […]

Wyoming Income Taxes

According to TaxFoundation.org, Wyoming is the most tax friendly state in the union. There are no income or business taxes in Wyoming. Also, it is a non-disclosure state, when you set up your company (LLC, Corporation, etc.) the owners’ information is keep private from the general public. State Taxes at a Glance – Wyoming Type […]

Wisconsin State Taxes

Wisconsin is not a great state when it comes to taxes. They have income tax, business tax, and also one of the highest property tax rates in the country. They additionally have a second business tax called the Economic Development Tax which is a gross receipts tax. State Taxes at a Glance – Wisconsin Type […]

West Virginia State Taxes

West Virginia is a reasonable state regarding taxes. Even though they have income tax, the highest rate is 6.50%. They have pretty low property tax rates, however they do tax social security at the state level. Also, depending on the city you live in, you may have additional local income tax. State Taxes at a […]

Washington State Taxes

Over the last few years Washington has become a less favorable state regarding tax policy. They recently enacted a new income tax, albeit only though capital gains. They also have one of the highest sales tax rates in the country. State Taxes at a Glance – Washington State Type of Tax 2024 Individual Rates Capital […]

Virginia State Taxes

Virginia is a mid-ranged state regarding tax policies. They have income and business taxes, but low property taxes and don’t tax social security. Their tax rates are low, but the highest brackets start at low income levels. They are not too terrible, but not that great either. State Taxes at a Glance – Virginia Type […]

Vermont State Taxes

Vermont is one of the least tax friendly states in the union. They have high income and business tax. Very high property taxes, and also one of the few states that has an estate tax. In our opinion, the state is spending too much time with its neighbor, New York. State Taxes at a Glance […]

Utah State Taxes

Overall, Utah is a tax friendly state. They are one of the few states that has a flat income tax (4.55%). They also have one of the lowest property tax rates in the country. Additionally, they have no estate or inheritance tax. State Taxes at a Glance – Utah Type of Tax 2024 Individual Rates […]

Texas State Taxes

Texas is very tax friendly. They have no income or business tax, nor do they have estate or inheritance tax. The one place Texas could improve are their property taxes. They tend to be very high. They’re also one of the only states that also has a gross margins tax. State Taxes at a Glance […]

Tennessee State Taxes

Overall Tennessee tax friendly. They have no general income tax but do tax interest and dividend income. They have a modest business tax but have a low sales tax. Unfortunately, where they fall short is having one of the highest property taxes in the country. State Taxes at a Glance – Tennessee Type of Tax […]