Red states maintain their lead when it comes to lower tax burdens compared with blue states.
Tax-filing day is coming up on April 18, leaving many taxpayers worried about how it will affect their finances, as many are still struggling as a result of the pandemic and higher prices.
WalletHub, a credit score site, released a report on March 28 titled, “2023’s Tax Burden by State,” which showed a clear disparity between tax burdens in different states.
Researchers found that blue states, which generally are Democrat-leaning, faced more tax burdens than red states, which typically run Republican.
The tax burden for residents of red states stands at an average rank of 31.32, while blue states have a rank of 19.68. The smaller the number, the higher the number is in that state….