{"id":58286,"date":"2023-03-06T19:55:52","date_gmt":"2023-03-07T00:55:52","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/is-california-taxed-less-than-texas-new-study-says-yes-but-theres-a-catch-58286"},"modified":"2023-03-06T19:55:52","modified_gmt":"2023-03-07T00:55:52","slug":"is-california-taxed-less-than-texas-new-study-says-yes-but-theres-a-catch","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/is-california-taxed-less-than-texas-new-study-says-yes-but-theres-a-catch-58286","title":{"rendered":"Is California taxed less than Texas? New study says yes…but there’s a catch"},"content":{"rendered":"
\n

A new study released by Wallethub claims a collection of wealthy blue states like California<\/a>, Massachusetts, and Maryland have a lower tax rate than states with reputations for lower taxes such as Texas, Indiana, and Oklahoma.\u00a0<\/p>\n

The study claims that California is the twelfth lowest-taxed state in the union with the District of Columbia coming in at number 15, Massachusetts at 26, and Texas at 40th. The top five lowest-taxed states, starting at number one, are: Alaska, Delaware, Montana, Nevada, and Wyoming. The top five highest taxed states, started with number 45, are: Kansas, Pennsylvania, New York, Conneticut, and Illinois.\u00a0<\/p>\n

In order to identify the states with the highest and lowest tax rates<\/a>, WalletHub compared the 50 states and the District of Columbia across four types of taxation: real estate, vehicle, income, and sales tax. The study compares these results to the national median.\u00a0<\/p>\n

BAD NEWS FOR BIDEN: NEW SURVEY SHOWS MAJORITY OF AMERICANS MORE WORRIED ABOUT INFLATION THAN TAXES<\/strong><\/a><\/p>\n

Issues with this methodology arise when states with wealthier residents who can better afford their high tax rates get listed as having a “lower tax rate” than poorer and middle class states with less taxes. For instance, despite being listed as number 12 compared to Texas’ 40th spot<\/a>, the average Californian paid $9,612 in taxes compared to the average Texan’s $8,006. Even more dramatically, despite being only three spots below Texas, New Jersey residents paid $12,652.\u00a0<\/p>\n

Additionally, the average California household income<\/a> is $95,207 which puts the average Californian at a state income tax rate of 9.3%. With 55% of Californians owning a home that comes with a property tax of .71% and an average sales tax of 7.5%.\u00a0<\/p>\n

KANSAS PLAN MAY ALLOW PAYING DISABLED WORKERS BELOW MINIMUM WAGE<\/strong><\/a><\/p>\n

Texas does not have an income tax at all, and with 62.5% of Texans owning a home, that comes with a property tax rate of 1.60% and an average sales tax of 6.25%.\u00a0<\/p>\n

This means, despite being 28 spots worse off in the study, the average Texan has a cumulative tax rate of 7.85% and the average Californian has a cumulative tax rate of 17.51%.<\/p>\n

Americans have been feeling this difference in past years. U-HAUL ranks California as the third-fastest shrinking state<\/a> with Texas being the fastest growing in terms of Americans moving. Texas also tends to rank at or near the top for best states in which to own a business, while California consistently ranks at or near the bottom.\u00a0<\/p>\n

WalletHub did not respond for immediate comment<\/i><\/p>\n<\/div>\n

Source – https:\/\/www.foxnews.com\/politics\/california-taxed-less-texas-new-study-yes-catch <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A new study released by Wallethub claims a collection of wealthy blue states like California, Massachusetts, and Maryland have a lower tax rate than states […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[16563],"tags":[],"stock_ticker":[],"class_list":["post-58286","post","type-post","status-publish","format-standard","hentry","category-market-news","entry"],"acf":[],"yoast_head":"\nIs California taxed less than Texas? New study says yes...but there's a catch - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/is-california-taxed-less-than-texas-new-study-says-yes-but-theres-a-catch-58286\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Is California taxed less than Texas? New study says yes...but there's a catch - Wall Street PR\" \/>\n<meta property=\"og:description\" content=\"A new study released by Wallethub claims a collection of wealthy blue states like California, Massachusetts, and Maryland have a lower tax rate than states […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cablemanpro.com\/wallstreetpr\/is-california-taxed-less-than-texas-new-study-says-yes-but-theres-a-catch-58286\" \/>\n<meta property=\"og:site_name\" content=\"Wall Street PR\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/WallStreetPR\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-07T00:55:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2021\/06\/businessman-showing-business-evolution1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"715\" \/>\n\t<meta property=\"og:image:height\" content=\"423\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/is-california-taxed-less-than-texas-new-study-says-yes-but-theres-a-catch-58286#article\",\"isPartOf\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/is-california-taxed-less-than-texas-new-study-says-yes-but-theres-a-catch-58286\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/person\/6e00efa2abc413bdc0bca51a90c54d36\"},\"headline\":\"Is California taxed less than Texas? New study says yes…but there’s a catch\",\"datePublished\":\"2023-03-07T00:55:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/is-california-taxed-less-than-texas-new-study-says-yes-but-theres-a-catch-58286\"},\"wordCount\":420,\"publisher\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#organization\"},\"articleSection\":[\"Market News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/is-california-taxed-less-than-texas-new-study-says-yes-but-theres-a-catch-58286\",\"url\":\"https:\/\/cablemanpro.com\/wallstreetpr\/is-california-taxed-less-than-texas-new-study-says-yes-but-theres-a-catch-58286\",\"name\":\"Is California taxed less than Texas? New study says yes...but there's a catch - Wall Street PR\",\"isPartOf\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#website\"},\"datePublished\":\"2023-03-07T00:55:52+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/is-california-taxed-less-than-texas-new-study-says-yes-but-theres-a-catch-58286#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cablemanpro.com\/wallstreetpr\/is-california-taxed-less-than-texas-new-study-says-yes-but-theres-a-catch-58286\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/is-california-taxed-less-than-texas-new-study-says-yes-but-theres-a-catch-58286#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cablemanpro.com\/wallstreetpr\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Is California taxed less than Texas? New study says yes…but there’s a catch\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#website\",\"url\":\"https:\/\/cablemanpro.com\/wallstreetpr\/\",\"name\":\"Wall Street PR\",\"description\":\"Latest News From WallStreet\",\"publisher\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/cablemanpro.com\/wallstreetpr\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#organization\",\"name\":\"Wall Street PR\",\"url\":\"https:\/\/cablemanpro.com\/wallstreetpr\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2019\/10\/brand-logo.png\",\"contentUrl\":\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2019\/10\/brand-logo.png\",\"width\":537,\"height\":70,\"caption\":\"Wall Street PR\"},\"image\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/WallStreetPR\/\",\"https:\/\/x.com\/WallstreetPRs\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/person\/6e00efa2abc413bdc0bca51a90c54d36\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2022\/09\/360_F_336393115_5gCUfwn76x3MJaCJMYDKLoRebkC8QyrL-300x300.jpg\",\"contentUrl\":\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2022\/09\/360_F_336393115_5gCUfwn76x3MJaCJMYDKLoRebkC8QyrL-300x300.jpg\",\"caption\":\"admin\"},\"url\":\"https:\/\/cablemanpro.com\/wallstreetpr\/author\/admin\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Is California taxed less than Texas? New study says yes...but there's a catch - Wall Street PR","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cablemanpro.com\/wallstreetpr\/is-california-taxed-less-than-texas-new-study-says-yes-but-theres-a-catch-58286","og_locale":"en_US","og_type":"article","og_title":"Is California taxed less than Texas? New study says yes...but there's a catch - Wall Street PR","og_description":"A new study released by Wallethub claims a collection of wealthy blue states like California, Massachusetts, and Maryland have a lower tax rate than states […]","og_url":"https:\/\/cablemanpro.com\/wallstreetpr\/is-california-taxed-less-than-texas-new-study-says-yes-but-theres-a-catch-58286","og_site_name":"Wall Street PR","article_publisher":"https:\/\/www.facebook.com\/WallStreetPR\/","article_published_time":"2023-03-07T00:55:52+00:00","og_image":[{"width":715,"height":423,"url":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2021\/06\/businessman-showing-business-evolution1.jpg","type":"image\/jpeg"}],"author":"admin","twitter_misc":{"Written by":"admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/cablemanpro.com\/wallstreetpr\/is-california-taxed-less-than-texas-new-study-says-yes-but-theres-a-catch-58286#article","isPartOf":{"@id":"https:\/\/cablemanpro.com\/wallstreetpr\/is-california-taxed-less-than-texas-new-study-says-yes-but-theres-a-catch-58286"},"author":{"name":"admin","@id":"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/person\/6e00efa2abc413bdc0bca51a90c54d36"},"headline":"Is California taxed less than Texas? New study says yes…but there’s a catch","datePublished":"2023-03-07T00:55:52+00:00","mainEntityOfPage":{"@id":"https:\/\/cablemanpro.com\/wallstreetpr\/is-california-taxed-less-than-texas-new-study-says-yes-but-theres-a-catch-58286"},"wordCount":420,"publisher":{"@id":"https:\/\/cablemanpro.com\/wallstreetpr\/#organization"},"articleSection":["Market News"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/cablemanpro.com\/wallstreetpr\/is-california-taxed-less-than-texas-new-study-says-yes-but-theres-a-catch-58286","url":"https:\/\/cablemanpro.com\/wallstreetpr\/is-california-taxed-less-than-texas-new-study-says-yes-but-theres-a-catch-58286","name":"Is California taxed less than Texas? New study says yes...but there's a catch - Wall Street PR","isPartOf":{"@id":"https:\/\/cablemanpro.com\/wallstreetpr\/#website"},"datePublished":"2023-03-07T00:55:52+00:00","breadcrumb":{"@id":"https:\/\/cablemanpro.com\/wallstreetpr\/is-california-taxed-less-than-texas-new-study-says-yes-but-theres-a-catch-58286#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cablemanpro.com\/wallstreetpr\/is-california-taxed-less-than-texas-new-study-says-yes-but-theres-a-catch-58286"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/cablemanpro.com\/wallstreetpr\/is-california-taxed-less-than-texas-new-study-says-yes-but-theres-a-catch-58286#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cablemanpro.com\/wallstreetpr\/"},{"@type":"ListItem","position":2,"name":"Is California taxed less than Texas? New study says yes…but there’s a catch"}]},{"@type":"WebSite","@id":"https:\/\/cablemanpro.com\/wallstreetpr\/#website","url":"https:\/\/cablemanpro.com\/wallstreetpr\/","name":"Wall Street PR","description":"Latest News From WallStreet","publisher":{"@id":"https:\/\/cablemanpro.com\/wallstreetpr\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cablemanpro.com\/wallstreetpr\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/cablemanpro.com\/wallstreetpr\/#organization","name":"Wall Street PR","url":"https:\/\/cablemanpro.com\/wallstreetpr\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/logo\/image\/","url":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2019\/10\/brand-logo.png","contentUrl":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2019\/10\/brand-logo.png","width":537,"height":70,"caption":"Wall Street PR"},"image":{"@id":"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/WallStreetPR\/","https:\/\/x.com\/WallstreetPRs"]},{"@type":"Person","@id":"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/person\/6e00efa2abc413bdc0bca51a90c54d36","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/person\/image\/","url":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2022\/09\/360_F_336393115_5gCUfwn76x3MJaCJMYDKLoRebkC8QyrL-300x300.jpg","contentUrl":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2022\/09\/360_F_336393115_5gCUfwn76x3MJaCJMYDKLoRebkC8QyrL-300x300.jpg","caption":"admin"},"url":"https:\/\/cablemanpro.com\/wallstreetpr\/author\/admin"}]}},"_links":{"self":[{"href":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-json\/wp\/v2\/posts\/58286","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-json\/wp\/v2\/comments?post=58286"}],"version-history":[{"count":0,"href":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-json\/wp\/v2\/posts\/58286\/revisions"}],"wp:attachment":[{"href":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-json\/wp\/v2\/media?parent=58286"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-json\/wp\/v2\/categories?post=58286"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-json\/wp\/v2\/tags?post=58286"},{"taxonomy":"stock_ticker","embeddable":true,"href":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-json\/wp\/v2\/stock_ticker?post=58286"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}