Which 5 states are Top 5 with the highest state & local tax combinations?

According to the Tax Foundation, the top five states with the highest state and local tax combinations are:

  • New York 12.7%
  • Connecticut 12.6%
  • New Jersey 12.2%
  • Illinois 11.0%
  • California and Wisconsin 11.0%
Investors who buy in-state MuniBonds may recieve #TripleTaxExemptIncome on the income derived.
For example,  a NY State Resident should definitely consider a NY State Municipal Bond like the NY State Thruway Authority in order to receive coupon interest exempt from Federal, State & Local Taxes.
Reach out to jeff@watkinsoncap.com if you want to reduce your taxable income in 2023.
#WatkinsonMuniBonds #munis #MuniBonds #TaxExemptIncome #TaxFreeIncome

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