Ed Fugate CPA

Cyber hack got access to over 700,000 IRS accounts Updated tally more than doubles previous damage threat for U.S. taxpayers

So, where do you live? Would you consider moving just to get lower taxes?

This Map Shows How Taxes Differ By State For most of us, taxes are overwhelmingly our largest ongoing expense—bigger than housing, transportation, and other costs. So in addition to your federal income tax, how much your state takes from you makes a big difference for your financial picture.When we recently posted a map showing counties with the highest property tax rates, more than a few readers asked for a followup comparing other taxes: state income tax, sales tax, and other tax burdens. It's very complicated to draw a complete picture thanks to special rules each state has, but Kiplinger's tax map above summarizes the various taxes by state and ranks them by how tax-friendly they are.Criteria included in the map: state sales tax, income tax range, gas tax per gallon, median property tax (tax on the state's median home value), tax on inheritances and estates, sin taxes (alcohol and to***co), vehicle taxes, and travel taxes (taxes on hotel and rental cars).On the interactive map, you can select up to five states to compare their taxes side-by-side or read about each state in particular.Another Kiplinger map for retirees shows how states tax retirement income (including Social Security benefits) and whether there are tax breaks for seniors.Overall, just more to consider if you're thinking about where to live. Unfortunately, not only is it harder to make a living in some states, depending on where you live, more of your money will be going towards taxes.State-by-State Guide to Taxes | Kiplinger

It appears fan pages can post this morning, but not regular posts? Let me know if you see this.