To calculate the ranking, titled “Best States to Be Rich or Poor from a Tax Perspective,” WalletHub compared the 50 states and the District of Columbia to identify the states where people in different income brackets spend the highest and lowest share of their income on sales and excise taxes, property taxes and income taxes.
The five best states to earn a high income, from a tax perspective:
1. Alaska
2. New Hampshire
3. North Dakota
4. Wyoming
5. Florida
The five worst states to earn a high income, from a tax perspective:
1. New York
2. Hawaii
3. Connecticut
4. New Jersey
5. District of Columbia
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