The overall tax system in Arizona was dubbed “most tax-friendly” in a recently released 50-state tax guide published by the Kiplinger business forecasting website.
Nine other states were also placed in this category.
Kiplinger gauged the tax burden in each state based on taxes that would be paid by a married couple with combined incomes of $150,000. Under Kiplinger’s scenario, the couple, who have two children, also receive $10,000 in dividend income and are paying a mortgage on a $400,000 house.
Arizona has an average sales tax of 8.39 percent, an income tax of 2.59 to 4.54 percent, a gas tax per gallon of 19 cents and a median property tax of $754 per $100,000 of assessed tax valuation, according to the analysis.
Kiplinger State-by-State Guide on Taxation
|State||Kiplinger Tax Rating|
|New Hampshire||Most Tax-Friendly|
|New Jersey||Least Tax-Friendly|
|New York||Least Tax-Friendly|
|North Dakota||Most Tax-Friendly|
|Rhode Island||Not Tax-Friendly|
|South Dakota||Most Tax-Friendly|