Week’s Best: The Best (and Worst) U.S. States for Taxes

Core Insights - The Tax Foundation's annual ranking identifies Wyoming as the most favorable U.S. state for tax policies, while New York ranks the lowest [2]. Group 1: Tax Rankings - Wyoming and South Dakota are highlighted for having no corporate or individual income tax, contributing to their top rankings [2]. - New York's unfavorable position is attributed to high individual income tax rates, local taxes, and benefit-recapture policies [2].