(WTNH) — Financial group Kiplinger and its analysts ranked Connecticut as the second worst state to live in due to taxes.
Every year, analysts compare the states across the country on a number of factors. They look at income tax, sales tax, gas tax, and so-called “sin” tax (the taxes on alcohol and cigarettes), along with tax requirements and more. For 2015, Kiplinger decided on the most and the least tax-friendly states to live in. The company says most people could even save thousands of dollars every year just by moving to another state depending on the amount of taxation where they currently live.
California and Connecticut topped the Least Tax-Friendly States list. Meanwhile, Delaware and Wyoming topped the Most Tax-Friendly States list.
Top 10 Least Tax-Friendly States:
- New Jersey
- New York
- Rhode Island
Top 10 Most Tax-Friendly States:
- New Mexico
- South Carolina