We already covered the worst states for paying taxes in 2015, so today we thought it would be a good idea to cover the states with the lowest taxes. Below you’ll see the states where people enjoy spending the least amount of money in taxes.
Delaware residents have a 2.2% tax rate, which is very low compared to some of the other northern states. However, this rate applies only to those with an income under $5,000. For incomes over that amount, you will be taxed at a 6.6% tax rate.
People love living in Wyoming because they do not have a state tax. Instead, residents only have to pay 4% on the purchases that they make in the state and there is a 24-cent tax for gas.
If you can handle the weather, Alaska is a great place to live this year. Residents there enjoy no tax at all (even on sales). However, gas is taxed at a rate of 12 cents per gallon.
Some parts of the south are known for being affordable and Louisiana happens to be one of them. Residents enjoy a 2% state income tax unless they make $50,000 ($100,000 for joint filers) and then they have a 6% tax rate. Sales tax is also 4% and there is a fee of 20 cents per gallon for gas.
If you want to pay the least amount of money in state taxes, planning a move to one of these states would be beneficial to you.
Image credit: Tax Rebate