Contact Us
Make My Homepage

FOX Business: South Dakota ‘Great Choice’ for High-Income Taxpayers

Tax Preparers Help Last Minute Filers Ahead Of Income Tax Deadline
Getty Images

We’re not Wyoming or Alaska, but South Dakota is getting high marks for its tax-friendly environment on this 2017 Tax Day.

FOX Business, on its list of the ‘Seven Most Tax-Friendly States’, calls South Dakota a ‘great choice for high-income taxpayers’, first, and foremost due to our lack of state income tax, but also for the amount of money the state spends on infrastructure and pollution services and health services. They equate those with improved quality of life.

But despite those positives, the Mount Rushmore State still lags behind two other states, Wyoming and Alaska, in the tax-friendliest standings.

Why?

Two words: property taxes.

South Dakota’s is on the high end (16th highest in the nation), while Wyoming has the seventh lowest rate in the country, and Alaska is in the middle of the pack.

One big plus for Alaska – they provide residents with an annual payment of $1,022, just for living there. I’m sure officials there are hoping that ‘kickback’ will draw attention away from one of the highest cost of living rates in the U.S., and the lowest quality of services ranking.

One other thing FOX Business didn’t like about us – our sales tax on food and non-prescription drugs.’

The folks at Kiplinger weren’t as generous when it came to ranking South Dakota among the best tax-friendly states in America.

We came in eighth on their list of the Top Ten:

  1. Wyoming
  2. Alaska
  3. Florida
  4. Nevada
  5. Arizona
  6. Louisiana
  7. Alabama
  8. South Dakota
  9. Mississippi
  10. Delaware

Best of KSOO

Recommended for You

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to http://ksoo.com using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for KSOO VIP Club quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive KSOO VIP Club contests, events, coupons, presales, and much more delivered to you for FREE.