G.I. Tax Blog

The average American family pays almost $7,000 in state and local taxes annually. But some states pay much less than others.

In 2015 WalletHub analyzed how state and local taxes compared in each of the 50 states plus Washington, D.C. They based their study on nine different types of taxation: real estate taxes, state and local income taxes, vehicle property taxes, vehicle sales taxes, sales and use taxes, fuel taxes, alcohol taxes, food taxes, and telecom taxes.

Benjamin Franklin once wrote that, “nothing can be said to be certain, except death and taxes.” Taxes are a necessary evil in our society. While nobody likes to pay taxes, it’s how we pay for our roads, schools, and emergency personnel amongst other things. But the residents of some states pay much more than others.

Today tax season kicks off into full swing as it’s the first day that the IRS will be accepting individuals’ tax returns. They will begin both processing mailed paper forms as well as accepting electronically filed taxes.