Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
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Federal Reserve Vice Chair Richard Clarida said Friday that the global economy has deteriorated in the past month.Marketsread more
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"My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?" Trump wrote amid a series of tweets that rattled markets Friday.Politicsread more
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The death comes as federal and state health officials investigate a slew of lung illnesses in connection to e-cigarette use.Health and Scienceread more
Bank of England Governor Mark Carney says trade war has a confidence effect on business around the worldMarketsread more
Supreme Court Justice Ruth Bader Ginsburg has completed a three-week course of radiation therapy for cancer, the top court said in a statement Friday.Politicsread more
With federal income tax rates for all taxpayers down as of this year, you might be looking forward to a lower tax bill for 2019.
Of course, what you pay to Uncle Sam is only one piece of your tax picture. Ever wonder how your state tax burden fares in comparison to what others pay?
While everyone is generally subject to the same federal tax laws regardless of where they live, there's broad variation in how states tax their residents and to what degree. Some have no income tax at all, while others treat certain types of income differently. For instance, some don't tax Social Security income.
Sales taxes, property taxes and other levies such as vehicle taxes also vary from state to state, as well as taxes on things like gas or cigarettes.
For retirees, state of residence can make a big difference when it comes to how much of their income goes to taxes. In addition to some states not taxing Social Security, others don't tax income from retirement accounts such as 401(k) plans, individual retirement accounts and pensions.
Still others extend specific breaks to people age 65 or older. Estate taxes also vary from state to state. And, of course, some states offer very little tax relief for retirees.
The chart below shows how each state ranks. For details on each state, visit the full Kiplinger map.
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