Where The 2010 Tax Increase Will Hit

by Dual Income No Kids on February 27, 2009 · 0 comments

Hi All,

Someone over at CNBC did a smart job crunching census data to see which states would take the hit when the White House’s fiscal 2010 increases on individuals making more than $200k comes due. In order from highest to lowest, the top five states are:

1) The District of Colombia
2) Connecticut
3) New Jersey
4) Maryland
5) Massachusetts

Of course, 2010 is a long way off. Its entirely likely that the final tax increases will look nothing like what the White House has proposed, so we’ll see what happens. If you want more details, the CNBC story is here. Perhaps most of us aren’t making that kind of cash to be affected, but is it fair that people earning more have to lose more of their wealth to taxes?
Best,

James

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