Taxes are once again at the forefront of political discourse as the 2016 presidential election gears up. WalletHub released its annual report on the 2015’s Most & Least Fair State Tax Systems. The report found the fairest tax system in the United States is Montana, while the worst is Washington.
States with the Fairest Tax Systems
1. Montana
2. Oregon
3. South Carolina
4. Delaware
5. Idaho
6. Minnesota
7. Utah
8. Virginia
9. Colorado
10. Maryland
States with the Least Fair Tax Systems
41. Arizona
42. Indiana
43. Texas
44. Mississippi
45. Florida
46. Illinois
47. Arkansas
48. Hawaii
49. Georgia
50. Washington
It also found that the poor are most overtaxed in the states of Washington, Hawaii and Illinois. The middle class is most overtaxed in Arkansas, New York and Mississipp. The top 1 percent are reportedly “undertaxed” in Wyoming, Nevada and Florida.
“Conservatives and liberals generally agree on what a “fair” tax system looks like. However, conservatives are more supportive of slightly higher taxes on the poor and lower taxes on the wealthy,” the report said. “Current state and local tax systems are, on average, extremely unfair. While most Americans — liberals and conservatives — think a progressive tax system is most fair, virtually every state has regressive state and local tax structures.”
We should remember that the best kind of tax is zero.
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