5 Worst States for Dividend Income Investors

In this article, we will take a look at the 5 worst states for dividend income investors. If you want to read our detailed analysis, you can go directly to 20 Worst States for Dividend Income Investors.

5. Oregon

Income Tax Rate (2024): 9.90%

Oregon ranks fifth among the worst states for dividend income investors. The individual income tax rate ranges from 4.74% to 9.90% for different income brackets. The marginal individual income tax rate, as of January 3, 2023, for Oregon was 9.90%.

4. New Jersey

Income Tax Rate (2024): 10.75%

The individual income tax rate in New Jersey ranges from 1.4% to 10.75%, contributing to its ranking as one of the worst states for dividend income investors. Most investment income including interest, dividends, or capital gains is taxable by law.

3. New York

Income Tax Rate (2024): 10.90%

New York ranks among the worst states for dividend income investors. The individual income tax rate ranges from 4% to 10.9%. Dividends are treated as ordinary income in New York.

2. Hawaii

Income Tax Rate (2024): 11.00%

The individual income tax rate in Hawaii ranges from 1.4% to 11%. Hawaii ranks among the worst states for dividend income investors.

1. California

Income Tax Rate (2024): 14.40%

California ranks first among the worst states for dividend income tax rates. The individual income tax rate ranges from 1% to 13.3%. All dividends are taxed as ordinary income in California.

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