North Dakota a ‘tax-friendly’ state for wealthy people

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If you have to be rich, be rich in North Dakota – it’s one of the top 10 states that are the most tax-friendly to wealthy people.

 In a new data survey from personal finance website WalletHub, high-income earners pay about 6 percent of their income in total taxes to the state.

That includes state sales and excise taxes, property taxes and income taxes.

North Dakota ranks #8 on the top 10 list.

The most tax-friendly state for the wealthy? Alaska, where high-income earners pay 3 percent of their income in taxes.

The least tax-friendly state for the wealthy? New York, where high-income earners pay 12 percent to the state.

You can read the complete survey and methodology here.

Copyright 2020 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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