Earn a low income in one of these states, and taxes will cost you either an especially big or and especially small chunk of your earnings.
Sales and excise tax as a percentage of income: 6.16%
Property tax as a percentage of income: 2.79%
Income tax as a percentage of income: 2.88%
Total tax burden as a percentage of income: 11.82%
Indiana is the fifth-worst state for taxation of residents with a low income. Sales and excise taxes hit these residents particularly hard. Indeed, the Hoosier State’s statewide sales tax rate of 7% is one of the highest in the nation, according to the Sales Tax Institute.
Timeshares are not — repeat, “not” — an investment. Learn why purchasing one typically is a mistake.
Here’s why it often makes financial sense to carry a mortgage into retirement.
If you’re a homeowner, you may be able to get a competitive loan for as much as $150,000 in just days.
Help us produce more money-saving articles and videos by subscribing to a membership.
Even in a hot home market, your property won't sell itself. Avoid these common pitfalls so you can get top dollar.
Comments