Report: Kansas one of least ‘tax-friendly’ states in America
KANSAS (KSNT) – Kansas was given a D rating as one of the least tax-friendly states in the United States in a recent nationwide study.
An updated analysis by MoneyGeek, a personal finance site, evaluates how “tax friendly” each state is by calculating the tax burden on the average citizen. States with low tax burdens earned an A, while those with the highest tax burden earned Fs.
To conduct the study, MoneyGeek looked at how much a hypothetical family would pay in taxes if they were a married couple with one dependent, a gross income of $94,003 (the median national income at the time of research), and a home worth about $320,900 (the median price of a new home). The lower the taxes on this hypothetical average family, the better the grade.
Do you live somewhere ‘tax friendly’? Map shows every state’s grade
Kansas was ranked 40th in the nation with estimated taxes of $9,324 making up 9.9% of citizen's total income. Kansas narrowly missed falling into the F grade with estimated taxes of $10,568 to $12,472. The difference between being in Kansas and being a grade-A state is $4,472 per year in taxes. The state with the lowest tax burden on citizens was Nevada with $2,949 in estimated taxes per year, making up only 3.1% of the median income.
For more Kansas news, click here. Keep up with the latest breaking news in northeast Kansas by downloading our mobile app and by signing up for our news email alerts. Sign up for our Storm Track Weather app by clicking here.
For the latest news, weather, sports, and streaming video, head to KSNT 27 News.
