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Most & Least Taxing States: 2014

By Rebecca Helmes of Bloomberg BNA - 2014-04-14T23:05:22Z


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Living in a place that's home to Hollywood, the Golden Gate Bridge, beaches and mountain ranges comes at a price, and this includes higher taxes. California’s top income tax rate is 12.3 percent for up to $1 million in income, and then jumps to 13.3 percent, the highest in the nation. The state’s sales tax rate (not including local sales taxes) is also the highest in the nation, as is the state gas tax rate, at 52.5 cents per gallon. 

Tax season is a little easier here for same-sex married couples than in many other states. Since California recognizes same-sex marriage, couples don't have to use different or additional forms to determine how much state tax is due.

*There is an additional 1 percent tax on income over $1 million, bringing the top rate to 13.3 percent.