When choosing where to live, lots of factors are in consideration. One of them is the tax environment.
In looking at the most tax-friendly states, South Dakota has earned the No. 2 spot in a ranking by Money.com.
“The three highest-ranking states — Wyoming, South Dakota and Alaska, respectively — all are largely rural and sparsely populated, attributes that contribute to their tax-friendliness,” the article releasing the rankings says. “These states have less need for complex infrastructure such as mass transit systems, and lawmakers in these states are motivated to keep taxes low in order to attract economic activity, investment and residents.”
To see how other states compared, click the button below.