Friday, May 2, 2014

Who Pays the Lowest in Taxes

With tax time just behind us, it’s not at all uncommon to hear people griping about how much they had to pay or how little they’ll be getting back this year. If you’re in one of those “unhappy” groups, get ready to be jealous! USA Today recently named the state with the lowest taxes, and it’s not Illinois.

Unfortunately—at least for Naperville residents—the state with the lowest taxes is Wyoming. Its average annual state and local taxes only total up to around $2,635. That’s an astonishing 66% less than the national average.

While Illinois might not be able to compete with Wyoming at the current time, that doesn’t mean that you can’t still pay less on your taxes or fare better financially.  


In fact, if you take advantage of companies that offer things like tax help and investment services, you’ll see that it doesn’t really matter how the rest of the state is doing because you’re doing just fine.


To get that “just fine” feeling, contact Platinum FinancialAssociates.

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