The state of New York has gained the dubious distinction of being one of the most 'wealth-hostile' states in the US, according to the findings of a recent survey.
The poll, conducted by Bloomberg’s Wealth Management magazine, found that the state ranked 49th in a league table measuring the tax burden in each state, with only Wisconsin and “tax hell” Rhode Island producing worse results.
By using an identical set of six tax parameters, the survey found that the most wealth-friendly state was Wyoming, where these parameters produced a tax bill of $7,259. By comparison, the same tax calculations resulted in a bill of $56,419 in Rhode Island.
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