Skip to main content
You have permission to edit this article.
Edit

Intro

  • Updated
  • 0

Department of Treasury

As in every election, the issue of taxes played a significant role in the 2016 presidential campaigns. President-elect Donald Trump's tax plan has gone under the microscope since the polls closed, due to allegations that his strategy won't aid the middle class as much as was promised during his campaign.

How that plan evolves once Trump assumes office remains to be seen. With this in mind, the data experts at CareerTrends -- an employment and career research site powered by Graphiq -- used the most recent data from the Economic Policy Institute's Family Budget Calculator to find which states pay the least in taxes.

CareerTrends ranked the states based on the annual dollar amount that a married couple with one child needs to pay in taxes to meet a secure yet modest living standard in a given location, while operating under the assumption that income taxes are jointly filed by the married couple. The monthly budget used is provided by the EPI's 2015 Family Budget Calculator, which provides an estimate of community-specific costs of childcare, food, healthcare, housing, taxes, transportation and other necessities for different family sizes across 618 locations.

It's important to note that the factor used to order the states is the total dollar amount, not the tax rates, that a married family with one child paid in annual taxes. Under this criteria, several Southern states -- like South Carolina, Arkansas and Texas -- are among the 10 states that paid the least in taxes in 2015.

0 Comments
0
0
0
0
0

Be the first to know

* I understand and agree that registration on or use of this site constitutes agreement to its user agreement and privacy policy.

Related to this story

Get up-to-the-minute news sent straight to your device.

Topics

News Alerts

Breaking News