What is going on everyone? Welcome back to the world according to Briggs did you
know that people like to save their money? And for some reason people like to
pay less for things than they normally would also it's really strange now if
your normal person that's a no-brainer if you're my wife well the phrase
money's no object comes to mind when it comes to money the United States has
gotten better for the country almost every quarter since 2010 the economy is
looking better for workers these days too unemployment is low job growth as
solid wages are growing this country has jobs and qualified workers about ten
years ago you had to take whatever employment you could get where a lot of
workers these days you have a handful of companies to choose from sometimes to
take a good job you might have to move to another state
now before you accept that job there's some things you should check out make
sure to check out the cost of living in your prospective employer city or state
look at the cost of housing and you should do some research on the state and
local taxes and how much they plan on ripping you off for in this video
Sukie calculated what it would look like for a married couple that rakes in about
a hundred fifty thousand a year in each state she gave me about thirteen pages
of numbers and I will oversimplify it and add a few strange comments so if
you're looking for the most tax friendly state you got to start with number 10
New Hampshire the Granite State comes in at number 10 for the most tax friendly
state in 2018 it's also a great place to go if you don't want to be shot stabbed
or robbed they don't do much of that there I don't know why it's awfully
exciting if you ask me New Hampshire goes very light onion come
tax and it only applies it to dividends and interest income there's no sales tax
in New Hampshire and they go easy on the gas tax as well it's only twenty three
point eight three cents per gallon local governments in New Hampshire are going
to stick it to you when it comes to property tax that one gets a little
rough now I'll give you the numbers here but don't tell me in the comments
section that they're wrong a year or two down the road things change these are
currently the numbers as of 2018 but it's 2019 right now 2018 with the last
completed year so here we go state income tax like I said is 5 percent on
interest and dividends only effective income tax is zero the average state and
local sales tax is zero they don't even get you when you're trying to buy stuff
you know nothing's worse and when you go to buy a bunch of those pudding cups
those snack pack pudding cups and they stick
it to you for an extra you know 30 cents it's just my problem anyway the average
property tax here though is two thousand two hundred ninety six dollars for a
hundred thousand dollar home that's kind of harsh
number nine Arizona the Grand Canyon State is a great state for just about
anyone that hates high taxes doesn't mind extreme heat and doesn't worry
about the potential skin cancer Arizona's very tax friendly state with a
lot of golf courses so it's obviously very popular with the retirement crowd
they also have a really good early bird special program too that really speaks
their interest for 2019 Arizona's top income tax rate of 4.5% doesn't kick in
till your taxable income exceeds 159 thousand dollars for a single filer and
three hundred eighteen thousand for married couple filing jointly now the
statewide average property tax isn't terrible either for a house that's four
hundred thousand dollars it's only three thousand fourteen dollars per year which
is below the average of the US they also only get you 19 cents per gallon of gas
on their gas tax which is good like most states the Grand Canyon state excludes
prescription drugs and food from the sales tax but some counties do have
their own grocery tax they sort of stick it to you on the sales tax the average
combined state and local sales tax is the 11th highest in the US and car
owners pay an annual vehicle tax which sucks so here it is in a nutshell the
effective income tax rate on average is two point seven seven percent for single
filers and three point two percent for joint filers the average state and local
tax the average is eight point three nine percent in the average property tax
is seven hundred and fifty four dollars per 100,000 dollars of the home value
and like I said earlier nineteen cents per gallon of gas tax number eight North
Dakota North Dakota has become a great place to relocate to in the last decade
or so the cost living is very low in housing prices are even lower the
Roughrider state which is one of its nicknames its income tax rate is
strangely low even for the top earners so for all you tech tycoons maybe the
peace and garden state is for you and yes that's another one of its nicknames
you may freeze to death during the winter but that's a small price to pay
for low taxes property taxes in North Dakota is where they make their money
it's just above the national average the tax on a four hundred thousand dollar
home owned by the hypothetical couple is estimated to be about 4223 per year
still less than I'm paying here in Oregon at 23 cents per gallon gas tax in
North Dakota is also well below the national average of 31 point 7 per a
line of gas now here it is the state income tax is 1 point 1 percent for
income of 39 thousand dollars or less for single filers 65 for families or
people filing jointly two point nine percent on taxable income over four
hundred and thirty three thousand dollars a year so two point nine is
really nothing I mean zero is great but two point nine is really low the average
state and local sales tax is six point eight five percent and where you compare
to California and I think last time I checked they were like God I don't know
seven point two five percent then you add in all the county and city taxes and
it gets up there but yes six point eight five is not terrible the average
property tax is one thousand fifty six dollars for every hundred thousand
dollars of a home value I'm like I said 23 cents per gallon of gas tax number
seven South Dakota just like North Dakota it can get a little brisk in
South Dakota and that is a serious understatement the Mount Rushmore state
is and what I refer to as America's icebox with North Dakota Minnesota and
Wisconsin so it gets cold if you could take the cold and a fair amount of
boredom you can take South Dakota it's really nice state and they do go easy on
the taxes South Dakota's combined state and local sales tax are about average
for the US however their prescription drugs are exempt from all taxes gas tax
is average so that's good property taxes in South Dakota is a little above
average but no big deal for a four hundred thousand dollar house you're
gonna pay about five thousand five hundred fifty one dollars a year in
taxes so it's not gonna kill you the way they get on this list is they have zero
income tax and when I say zero I mean zero income tax South Dakota doesn't
have an estate or inheritance tax either so when someone croaks you get all the
cash and I mean croak in the nicest way possible you know very positive way of
croaking please no more email saying I say mean things it's getting old anyway
like I said zero income tax their sales tax is about six point four average and
their property tax is thirteen hundred and eighty eight dollars for every
hundred thousand dollars of the home so that's not terrible
number six Alaska if you like it wild and you don't mind dodging moose on the
interstate think about Alaska that's a real problem moose on the
highway and subsequently moose on the bumper and possibly if you're going fast
enough moose on the windshield and your luggage rack and it requires a hose
moving on gas tax in the last frontier are the lowest in the US and Alaskans
pay no state income tax or state sales tax now local you know municipalities
and stuff and add their own sales tax if they want the average sales tax that
they've put on there's about 1.5 percent not a lot Alaska's largest city has no
sales tax and as far as property tax goes if you purchase a home for 400,000
in Alaska your estimated property tax bill would come to about four thousand
nine hundred and thirty six that's a tad above the national average but all the
other things are pretty low they also have some funky laws that let you pay a
reduced property tax if your house is under construction so this is the hustle
you'll drive down the highway and you see all kinds of roads with that Tyvek
siding white stuff on the side of their house and then they can say it's under
construction I'm not sure how many years I heard a couple different things that
it could be like two years in a row and I've heard it could be as many as five
years so people just leave that Tyvek on there until they pull the reduced tax
thing on them and then they you know finish their house finally like I said
the income tax is zero the sales tax is one point five maybe maybe zero in some
places the gas tax is fourteen point six six cents per gallon so Alaska's really
light on the taxes number five Washington state Washington is a little
bipolar when it comes to taxes and I mean bipolar in the nicest way possible
they are really easy on the taxes and then they go a little crazy with the
taxes but in the end it isn't that bad what gets them this high on the list as
residents here make far more money on average than other residents of states
with no income tax the average combined state and local sales tax rate in
Washington is the third highest in the country so that's bad and their gasoline
tax is the fourth highest in the country property tax in Washington is more
modest for a four hundred thousand dollar home you're probably looking at
about four thousand four hundred ninety nine per year which is close to the
national average it's that no state income tax that makes this place great
when I worked at Comcast I would have been saving somewhere
$750 a month if I just would have gone across the bridge and lived in
Washington State I could have still kept my job at Comcast I mean it would add an
extra 20 30 minutes to my commute a day but I would have been saving $750 a
month it just didn't seem worth it at the time
like I said state income tax is zero state effective income tax is zero the
average state local sales tax is about nine point two one percent so that's
kind of high the average property tax you'll be paying about eleven hundred
and twenty-five dollars per hundred thousand on the home and the gas tax is
forty nine cents per gallon that's kind of harsh but still that no income tax is
great in Washington number four Florida Florida is a popular
state for retirees for a few different reasons the weather the beaches the
taxes and the over 50 retirement community filled with swingers I'm not
kidding it's called the village and they're retired and they're swingers you
know it's pretty sad when your grandparents are partying harder than
you Florida has no income tax which keeps the overall state and local tax
burden down the Sunshine State is average or above average when it comes
to all the other taxes they don't have an estate or inheritance tax so that's
good property taxes are middle-of-the-road
right around the national average a four hundred thousand dollar home in Florida
on average annual property tax bills gonna be about forty one hundred dollars
a year the gas tax in Florida is high forty one cents per gallon that's the
tenth highest in the nation but no income tax and wild seniors it's a win
like I said no income tax the average state and local sales tax is seven point
zero five percent the average property tax is 1041 dollars for every hundred
thousand dollars on the home and yeah Florida the Sunshine State
number three Tennessee the Volunteer State would probably be one of the top
five states in the Union if they could just convince Arkansas into taking most
of Memphis away take it off our hands it's all yours they could promise to
send them some dentists or safety instructions for deep-frying
Thanksgiving turkey that'll save a lot of lives in Arkansas there's no
broad-based income tax in the Volunteer State only interest in dividends are
subject to Tennessee's limited income tax they do have some small taxes on the
dividends but they're waived if you're over a hundred years old
I'm not kidding they're waiving taxes for anyone over a hundred years old how
did they get that law in place I get the feeling some politician
did that during an election year so they could claim that they lowered taxes yeah
great job guys great job you lowered the taxes for 14 people in
the entire state the good news is the dividend tax is being phased out at 1% a
year and it'll be completely gone by 2021 property tax in Tennessee isn't bad
expect to pay about three thousand and seventy two dollars per year for a four
hundred thousand dollar home which is well below the national average gasoline
tax is below average as well it's about twenty seven point four cents per gallon
Tennessee does kind of get you with the sales tax at nine point five percent but
everything else is great number two Nevada now I love Nevada well really I
love the people of Nevada they help get this channel going I made a negative
video about Las Vegas two or three years ago and these people lost their frickin
mind in the comments section which helped the stats then they shared it so
much the stats went through the roof so thank you I hated having a nine-to-five
job the Silver State is Nevada's nickname and it's another no income tax
haven no income tax which is always good and in case anyone wants to explain to
me that that's not the nickname please google it before you leave your comment
I had a guy tell me that I was an idiot because the name Sin City applies to the
whole state does not it just applies to Las Vegas the property taxes in Nevada
are below average too estimated to be two thousand seven hundred and seventy
one dollars on average for a four hundred thousand dollar home Nevada
receives more than 1.5 billion in taxes and fees annually from the hotel casino
industry but they still kind of stick it to the residents with the sales tax
state and local they kind of get you there but it's still not the worst
condition the sales tax they got some small fees for vehicles and things like
that and their gas tax is slightly above the national average at thirty one point
seven cents per gallon but again no state income tax is phenomenal and
number one Wyoming why all mean is cowboy country there are a lot of
residents here that would be perfectly fine with getting rid of cars entirely
and just riding horses the state's nickname is the quality state which is
the official name but most people know it as the cowboy state why Wyoming takes
the top spot it's because of the ample revenue from the mineral and energy
extractions that continue to flow through the state this makes it much
easier on the residents when it comes to tax burden
they're getting their money elsewhere they don't need to Jack Mon pot kettle
there is no income tax in Wyoming zero zilch nada nothing you keep what you
make as far as the state's concerned the IRS on the other hand is a little more
hard-nosed when it comes to income tax the state sales tax rate is also the
third lowest in the country for states with sales tax and there's only two
cents per gallon when it comes to gas and at two cents a gallon Wyoming has
the lowest beer tax in the country
alright so that is my top 10 most friendly tax states hope you guys got
some information out of this one this is one that's been requested over and over
and over I hope I gave you the information you're looking for anyway
don't forget all the links below give the video big thumbs up tell me what you
thought please subscribe if you already haven't everybody have a great day be
nice to each other
you