SC 2nd Lowest State for Taxes
The Palmetto State ranks 2nd in the nation for the lowest tax rates, according to a recent report from Bloomberg. Their annual rankings of state taxes shows the South as a taxpayer friend, while the Northeast is anything but.
Rounding out the top 5 lowest taxed states:
2. South Carolina
5. Alaska (OK... not a southern state, by far.)
And the states that tax their residents the most?
2. New Jersey
3. New York