Normally, when the Fed starts loosening policy it does so amid clear-cut signs of economic weakness.Economyread more
Wall Street economists are anxiously awaiting Wednesday's FOMC meeting.Marketsread more
More and more American firms are calling for the Trump administration to resolve its conflict with China.World Economyread more
All trains traveling in and out of New York Penn Station have been halted because of an Amtrak overhead wire issue, New Jersey Transit said Wednesday.Transportationread more
This just might be Fed Chair Jerome Powell's toughest meeting yet because whatever the outcome, odds are high that it will disappoint a large group.Market Insiderread more
Facebook has given us plenty of reasons to quit, including a new report that talks about the disgusting working conditions of a company it uses to employ contractors, named...Technologyread more
American Airlines is ordering Airbus' new A321XLR, according to a source familiar with details of the agreement.Paris Air Showread more
Shoppers are "very nuanced in their expectations," Ron Johnson, the former CEO of J.C. Penney and the former senior vice president of Apple's retail division, said at CNBC's...Evolveread more
Tesla shares are nearing Morgan Stanley's price target but the firm isn't sure how to tell investors to value Elon Musk's company.Investingread more
Singer Ed Sheeran is on track to break the record for the highest-grossing concert tour ever, The Wall Street Journal reported Wednesday.Entertainmentread more
Companies are increasingly willing to pay for employees to go to the doctor. Uber is partnering with Grand Rounds, a start-up that sells into the employer channel, to make it...Technologyread more
Illinois residents looking to save on taxes may want to start by getting estimates on a move to Alaska.
At least that's the recommendation from personal finance website GOBankingRates, which published a study Tuesday that rates the most and least tax-friendly states for the middle class. The study compared total sales tax, property tax and personal income taxes paid by the middle 20 percent of households.
GOBankingRates compiled data from the Institution of Taxation and Economic Policy's 2018 "Who Pays" report.
Top 10 most tax-friendly states:
• South Carolina
• North Dakota
It's not surprising that states with no income tax, such as Alaska, Nevada or Florida, fare better, said Andrew DePietro, study researcher and data analyst.
However, states that don't levy individual income must find revenue from other sources. This also factored into the rankings.
New Hampshire, for example, ranked 12th on the list. Although the state doesn't tax incomes, New Hampshire does have higher property and state taxes.
The states lower on the list all had higher state tax rates — with Illinois residents forking over a whopping 12.6 percent of state taxes paid by the middle 20 percent.
The 10 least tax-friendly states:
• New York