Yikes, Illinois Is The Worst State For Middle Class Families
No matter what your financial situation looks like, nobody likes taxes. They are the worst and we all know it.
So many people warn their friends, family, and even neighbors not to move to certain states for the sole purpose of extremely high taxes. Of course we don't typically listen because we think we're adults and can make "adult" decisions.
There are some things we should definitely take into consideration - one being where we should and shouldn't move to with our families.
Illinois is the LEAST tax-friendly state in America for middle-class families.
If you ask me, I always say life is a scam anyway lol. We pay for just about everything even if it's paying with our time. I didn't ask for any of this to begin with!!!
- State Income Tax Range: 4.95% (flat rate)
- Average Combined State and Local Sales Tax Rate: 8.73%
- Median Property Tax Rate: $2,073 per $100,000 of assessed home value
Okay... okay... the state's income tax doesn't seem that steep at 4.95% when it's compared to other states. BUT, we're talking about middle-class, not the wealthy.
"When we ran tax returns for all 50 states and the District of Columbia for our hypothetical middle-class family, the Illinois income tax bill was tied for the eighth-highest in the country." [kiplinger]
YIKES. If you want to get all the info about which states made the list and all the numbers factored in, check out kiplinger's study! Very informative and... depressing to say the least.
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