Fact: Many taxpayers can save thousands of dollars per year just by moving to a different state.
Fact: If you’re a Hawaii resident, you’re most likely one of those taxpayers.
As if the Aloha State wasn’t expensive enough already, it turns out we’re also the fourth least tax-friendly state in the nation, according to the recent report by Kiplinger, a personal finance news and business forecaster.
The only states deemed less friendly to taxpayers were California, Connecticut and New Jersey.
The list was unveiled as part of Kiplinger’s Tax Map, which compares income tax, sales tax, gas tax and other tax rules throughout the U.S.
Hawaii was one of 13 states that tax groceries, and it was in the top five list for highest gas taxes and the top 10 list for the highest beer taxes.
The report found that Aloha State residents might be better off moving to a state like Delaware or Wyoming if they’re looking to save on taxes.
Kiplinger’s 10 Most Tax-Friendly States:
Kiplinger’s 10 Least Tax-Friendly States:
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