Usually April 15th is when our taxes are due, but not this year. Due to a holiday in Washington DC today, Emancipation Day, our taxes will be due on Monday the 18th.
Which brings up a question, which states pay the highest tax rates? Check out the map below:
Unfortunately California is the highest … probably not a good idea to retire in California! Note that Tennessee has joined seven other states that do not levy any individual income tax. Also note there are 10 states that have flat income tax. Click here for more info.
And one more thing. If you are in the CalPERS system for retirement, and you retire in another state, you can elect to have no California tax taken out of your retirement check!
If you are planning on retiring, check out this tool that you can use to compare states that have taxes on retirees.