A new study by SeniorLiving calculating taxes for each state in the nation shows California ranks No. 51, paying the highest tax rate in the country. California residents pay 8.61% in state taxes compared to the national average of 5.41%.
“The conventional wisdom that Americans hate taxes may not be all together true,” the website www.SeniorLiving.org said. “A Pew Research Center survey found that most Americans believe paying all the taxes you owe is a crucial part of being a good American, just behind following the law and just ahead of voting.”
With the economy doing well, differences in state tax rates can save thousands of dollars for working families and millions for the wealthy.
SeniorLiving released its study, “Highest and Lowest Tax Rates in America,” Feb.