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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:

1. Mississippi

2. South Carolina

3. Tennesee

4. Alabama

5. Alaska (OK... not a southern state, by far.)

 

And the states that tax their residents the most?

1. Connecticut

2. New Jersey

3. New York

4. Massachusetts

5. Maryland

Reader Comments

  • Mary Altman
    Mary Altman Jul 07, 2012

    We may be the lowest but we tax a lot of things that other states do not. I am not so sure we come out ahead as taxpayers.