This week, personal finance site Kiplinger’s released its list of the most — and least — tax-friendly states in America. To determine this, it used a hypothetical couple with two kids and $150,000 in income a year plus $10,000 in dividend income, and then looked at their income, property and sales tax burden.
Illinois took the No. 1 spot on the list, thanks in large part to their very high property taxes. That was followed by Connecticut and New York, both of which have pretty high income taxes.
The 10 least tax-friendly states:
3. New York
5. New Jersey