The financial services website sought to determine the best states to be taxed according to one’s income group. It used data from the Institute on Taxation and Economic Policy’s 2024 report — which published estimates of tax burden at seven points in the state-specific income distribution — to estimate the tax burden on residents at different income levels in each state.
In WalletHub’s analysis, a high income was defined as $150,000. Read more about the methodology here.
Best states to earn a high income from a tax perspective:
1. Alaska
2. New Hampshire
3. North Dakota
4. Wyoming
5. Florida
Worst states to earn a high income from a tax perspective:
1. New York
2. Hawaii
3. Connecticut
4. New Jersey
5. District of Columbia
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