How to Compare State Taxes
If you live in the United States and are considering moving to a different state, you may want to look into all of the different taxes before actually picking up your belongings and moving. State taxes can quickly add up, and there are several different taxes you need to take evaluate. It is important to know exactly what is going to be taxed, especially if you have a tight budget and can't afford any unforeseen setbacks.
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Instructions
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Compare your current state's income tax with your current tax. Although most state taxes are going to run roughly in the 2 percent range, there are some states, such as North Carolina, that have a state tax of around 6 percent. Florida, on the other hand, doesn't have a state income tax.
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Check in on the sales tax is in the state your considering. Although many states do not have sales tax, others have sales tax on everything. Some areas of the country, such as Chicago, have a sales tax of more than 10 percent.
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Look into the property taxes. This can vary from city to city and even the area of the city. This may end up being the largest tax you pay, so it is a good idea to check out the rate and a projected total if you buy residential property.
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Determine the state tax for fuel. If you plan on driving a great deal the fuel tax can be important. The southeast corner of the United States (excluding Florida) typically has the cheapest gas in the country, but that isn't always the case.
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Think about the cigarette tax. If you are a smoker this can be huge. New York City has a tax of more than $4 (as of November 2009) per pack of cigarettes. Many states (mostly in the Midwest and Northeast) have at least a $2 tax per pack). South Carolina has the lowest cigarette tax in the United States.
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